In this game, the market has to keep pitching, but you don’t have to swing. You can stand there with the bat on your shoulder until you get a fat pitch

Warren Buffet

I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.

Warren Buffet

If you are in a poker game and after 20 minutes, you don’t know who the patsy is, then you are the patsy.

Warren Buffet

It is only when the tide goes out that you can see who is swimming naked.

Warren Buffet

Derivatives are financial weapons of mass destructions.

Warren Buffet

Price is what you pay, value is what you get.

Warren Buffet

Risk comes from not knowing what you are doing.

Warren Buffet

Our favorite holding period is forever.

Warren Buffet

Only when you combine sound intellect with emotional discipline, you get rational behavior.

Warren Buffet

Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.

Warren Buffet

Although it’s easy to forget sometimes, a share is not a lottery ticket… it’s part-ownership of a business.

Peter Lynch

The list of qualities [an investor ought to have] include patience, self-reliance, common sense, a tolerance for pain, open-mindedness, detachment, persistence, humility, flexibility, a willingness to do independent research, an equal willingness to admit mistakes, and the ability to ignore general panic.

Peter Lynch

Never invest in any idea you can’t illustrate with a crayon.

Peter Lynch

Everyone has the brainpower to follow the stock market. If you made it through fifth-grade math, you can do it.

Peter Lynch

Go for a business that any idiot can run – because sooner or later, any idiot probably is going to run it.

Peter Lynch

I’ve found that when the market’s going down and you buy funds wisely, at some point in the future you will be happy. You won’t get there by reading “Now is the time to buy”.

Peter Lynch

I got positive feelings when I saw that Taco Bell’s headquarters was stuck behind a bowling alley. When I saw those executives operating out of that grim little bunker, I was thrilled. Obviously they weren’t wasting money on landscaping the office.

Peter Lynch

The person that turns over the most rocks wins the game. And that’s always been my philosophy.

Peter Lynch

When stocks are attractive, you buy them. Sure, they can go lower. I’ve bought stocks at $12 that went to $2, but then they later went to $30. You just don’t know when you can find the bottom.

Peter Lynch

The key to making money in stocks is not to get scared out of them.

Peter Lynch

When I was on Wall Street, we rarely had more than 1:1 leverage, and the highest I recall in my career was 4:1. The idea of leveraging 30:1 or more, as many financial institutions did recently, is not a business.

Michael Milken

Finance is a craft that can become an art with skill and proper application.

Michael Milken

I’ve always found “junk” a peculiar term to use for virtually the entire body of American business outside of a small, elite group. Firms that have not achieved an investment-grade label are rated as “junk.” Yet virtually all net new jobs come from such firms.

Michael Milken

With all this wealth, the problem is not who’s going buy assets, it’s are there any assets to buy with all the liquidity in the world.

Michael Milken

It’s hard to imagine when you’re young how you accumulate wealth. My experience indicates that most people who’ve accumulated a great deal of wealth haven’t had that as their goal at all. Wealth is only a by-product, not the original motivation.

Michael Milken

Beauty is in the eye of the beholder, but the marketplace will later decide whether your eye was a good one.

Michael Milken

The best credit by far, history has shown, has been the private company. Sovereign countries have defaulted 30 times as often as private companies, both domestically and foreign. Individuals default five times as often as private companies.

Michael Milken

Why are we in this financial crisis? There are several reasons, but two issues have arisen periodically over the past 200 years. One is credit ratings, which don’t necessarily reflect credit risk accurately. A second issue is the false belief that you can build a successful financial business through leverage instead of through unleveraged spreads.

Michael Milken

In 2007, rating agencies gave almost 1,300 financial instruments triple-A ratings. They never legitimately deserved a triple-A rating, but that rating enabled the leverage that created the problem.

Michael Milken

Not long ago, the most-valuable real estate in the world was in places like London, Moscow, New York, Dubai and Beverly Hills. No more. Today, the most-valuable real estate is found on the web pages of companies like Google, Facebook, Alibaba, eBay, Amazon, Baidu and YouTube.

Michael Milken

A speculator is a man who observes the future, and acts before it occurs.

Bernard M Baruch

Never pay the slightest attention to what a company president ever says about his stock.

Bernard M Baruch

I made money by selling too soon. I never lost money by turning a profit.

Bernard M Baruch

Most of the successful people I´ve known are the ones who do more listening than talking.

Bernard M Baruch

Pliability: Consider and reconsider the facts, and your opinions. Stubbornness as to opinions-”cockiness”-must be entirely eliminated.

Bernard M Baruch

If a speculator is right half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong.

Bernard M Baruch

Do not blame anybody for your mistakes and failures.

Bernard M Baruch

Be who you are and say what you feel, because those who mind don´t matter and those who matter don´t mind.

Bernard M Baruch

I´m not smart. I try to obeserve. Millions saw the apple fall but Newton was the one who asked why.

Bernard M Baruch

Every man has a right to his own opinion, but no man has a right to be wrong in facts.

Bernard M Baruch

Most of my thoughts, you couldn´t print.

Jim Rogers

Those who can not adjust to change will be swept aside by it. Those who recognize change and react accordingly will benefit.¨

Jim Rogers

People are too quick to accept conventional wisdom, because it sounds basically true and it tends to be reinforced by both their peers and opinion leaders, many of whome have never looked at whether the facts support the received wisdom. It’s a basic fact of life that many things “everybody knows” turn out to be wrong.

Jim Rogers

If anybody laughs at your idea, view it as a sign of potential success!

Jim Rogers

It should be written down as an axiom that you always invest against the central banks. When the central banks try to prop up a currency, go the other way.

Jim Rogers

Get inside information from the president and you will probably lose half your money. If you get it from the chairman of the board, you will lose all your money.

Jim Rogers

Do not buy the hype from Wall Street and the press that stocks always go up. There are long periods when stocks do nothing and other investments are better.

Jim Rogers

If the world economy gets better, commodities are going to make a fortune. If the world economy does not get better, commodities are the place to be because they are going to print more money, and that’s how you protect yourself.

Jim Rogers

Whenever I buy or sell something, I always try to make sure I’m not going to lose any money first. If there is very good value, then I’m probably not going to lose much money even if I’m wrong.

Jim Rogers

Good investing is really just common sense. But it is astonishing how few people have common sense – how many people can look at the exact same scenario, the exact same facts and not see what is going to happen. Ninety percent of them will focus on the same thing, but the good investor- or trader- will see something else. The ability to get away from conventional wisdom is not very common.

Jim Rogers

There are styles in securities as there are in clothes. A security may be undervalued, but if it is also out of style it is of little interest to the speculator. He is, therefore, compelled to study the psychology of the stock market as well as the elements of real value.

Phil Carret

The contrary opinion school has a great deal of validity. When everyone is bullish, why, you should be very concerned.

Phil Carret

The stupid thing we all do is to get more and more bullish as the market goes up and be frightened out of our wits when it goes down.

Phil Carret

Successful speculation requires capital, courage and judgment. The speculator himself must supply all three. Natural good judgment is not enough. The speculator’s judgment must be trained to understand the multitudinous facts of finance.

Phil Carret

If youre doing the right things, a bear market is not going to kill you.

Phil Carret

If you buy them cheap enough, they watch themselves.

Phil Carret

Keep at least half the total fund in income producing securities.

Phil Carret

Be quick to take losses and reluctant to take profits.

Phil Carret

When stocks are high, money rates rising and business prosperous, at least half a given fund should be placed in short-term bonds.

Phil Carret

If you have a good stock, sit on it. Unless you find something thats obviously much better, cheaper.

Phil Carret

The time of maximum pessimism is the best time to buy and the time of maximum optimism is the best time to sell.

John Templeton

The four most dangerous words in investing are “This time it’s different.”

John Templeton

Diversify your investments.

John Templeton

If you want to have a better performance than the crowd, you must do things differently than the crowd.

John Templeton

Never adopt permanently any type of asset or any selection method. Try to stay flexible, open-minded, and skeptical.

John Templeton

Work at being a humble person.

John Templeton

Those who spend too much will eventually be owned by those who are thrifty.

John Templeton

You must be a fundamentalist to be really successful in the markets.

John Templeton

In my 45-year career as an investment counselor, humility did show me the need for worldwide diversification to reduce risk.

John Templeton

Successful investing is only common sense. Each system for investing will eventually become obsolete.

John Templeton

Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.

George Soros

If investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring.

George Soros

I’m only rich because I know when I’m wrong…I basically have survived by recognizing my mistakes.

George Soros

The worse a situation becomes the less it takes to turn it around, the bigger the upside.

George Soros

It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.

George Soros

Trade aggressively when you are confident. Increase your bets when you are confident and scale down your positions when you don’t have conviction.

George Soros

The more the theory of efficient markets is believed, the less efficient the markets become.

George Soros

The financial markets generally are unpredictable. So that one has to have different scenarios… The idea that you can actually predict what’s going to happen contradicts my way of looking at the market.

George Soros

If I had to sum up my practical skills, I would use one word: survival. And operating a hedge fund utilized my training in survival to the fullest.

George Soros

Stock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.

George Soros