Investor Wisdom

The trick is not to learn to trust your gut feelings, but rather to discipline yourself to ignore them. Stand by your stocks as long as the fundamental story of the company hasn’t changed.”

“In the short run, the market is a voting machine, but in the long run it’s a weighing machine.” 

“Investing should be more like watching paint dry… if you want excitement, take $800 and go to Las Vegas.”       

“You make most of your money in a bear market, you just don’t realize it at the time.”

“It is often easier to tell what will happen to the price of a stock than how much time will elapse before it happens.”   

“The stock market is a device for transferring money from the impatient to the patient.”

“Stock prices move around wildly over very short periods of time. This does not mean that the values of the underlying companies have changed very much during that same period.”

“The big money is not buying and selling. But in the waiting.