“I think that the failures of Enron and WorldCom and other companies are partially failures of investors to recognize companies that are selling for a thousand times nothing, but chances are they may be worth only that.” ThinkingMayChanceCompanyThousandSellingInvestorsChances AreEnron Author:Arthur Levitt Jr
“Whenever the investor sold out in an upswing as soon as the top level of the previous well-recognized bull market was reached, he had a chance in the next bear market to buy back at one third (or better) below his selling price.” WellsNextChanceLevelsBearsThirdsSellingInvestorsBullsSold OutBull Markets Book:The Intelligent Investor: A Book of Practical Counsel Source: The Intelligent Investor: A Book of Practical Counsel
“I believe the chance of any event causing Berkshire to experience financial problems is essentially zero. We will always be prepared for the thousand-year flood; in fact, if it occurswe will be selling life jackets to the unprepared.” IfsYearsBelieveFactsProblemI BelieveChanceEventsThousandPreparedFinancialSellingZeroFloodThousand YearsBe PreparedJacketsUnpreparedFinancial Problems Author:Warren Buffett
“We've got to get our fans back. We've got to start winning and get our fans excited about the 76ers again... We're selling hope. This is about hope. We have hope that we have a chance to be good.” WinningChanceFansExcitedBe GoodSellingHaving Hope Author:Doug Collins