"There is no way to keep money safe from all the threats to it. The only way to keep your money "safe" is to grow it faster than it is nibbled away."
"Teldar Paper, Mr. Cromwell, Teldar Paper has 33 different vice-presidents each earning over 200,000 dollars a year. Now, I have spent the last two months analyzing what all these guys do, and I still can't figure it out."
Money is made by sitting, not trading. After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: it never was my trading that made the big money for me. It was always my sitting. Got that? My sitting tight!
“To achieve a multi-bagger in the portfolio, you have to hold a multi-bagger in the portfolio. Don’t bother finding the next multi-bagger if you aren’t going to develop the conviction to hold it. You will have to hold while it is cheap, expensive, loved, hated and volatile.“
"The single greatest edge an investor can have is a long term orientation."
"“You’ve got to decide whether you are a speculator or not. Never get attached to things. Getting attached to things decreases your mobility, the capacity to move fast when the need arises. Once you get yourself rooted, your efficiency as a speculator goes down markedly."
"Never ask anyone for their opinion, forecast, or recommendation. Just ask them what they have - or don't have - in their portfolio."
"To make any kind of gain in life - a gain of wealth, personal stature, whatever you define as "gain" - you must place some of your material and/or emotional capital at risk. That is the law of the universe."
Ik hou van quotes en citaten ... maar uiteindelijk moet je kennis kunnen omzetten in actie. Zoniet is het waardeloos.
"De daling van de rhodiumprijs zal hoogstwaarschijnlijk uitmonden in een diepe, zware crash in 2023. Mogelijk naar een rhodiumprijs van 5.000 dollar of lager."