Quotes

A compilation of quotes I found interesting :)

1. John Templeton - The best analyst will be wrong ⅓ of the time

2. Jim Cramer - There’s always a bull market somewhere

3. Warren Buffett

   1. You can connect the dots looking in the past but you must look forward at the end of the day

   2. The market is a device for transferring wealth from active to inactive

   3. You can’t make a baby in 1 month by getting 9 women pregnant

   4. It takes 20 years to build a reputation and 5 mins to destroy it

4. Anurag Sharma - People tend, on the one hand, to overreact to chance events and, on the other, to think that they could have predicted that which has already occurred.

5. Charlie Munger

   1. In life, you don’t get many trips to the Pie Counter. But when you do, you have to load up as much as you can

   2. Invert, always invert

   3. The safest way to try to get what you want is to try to deserve what you want. 

6. Mohnish Pabrai

   1. Selling something because you think it's overvalued is one of the dumbest things you can do.

   2. There are 3 variables to compounding: Initial capital, rate of return and time. Everyone tries to optimize the first 2. But it is near impossible. Instead, we need optimize the runway for our investments, and let compounding work its magic.

7. Ishmohit Arora - If we are right by conservative projections then the only thing left to surprise us is upside. But if we are wrong with aggressive projections then the only thing left to surprise us is downside.

8. Howard Marks

   1. Risk is high when investors feel risk is low

   2. What the wise man does in the beginning, the fool does in the end

9. Kenneth Andrade - A Company's profitability will grow sustainably only if the Industry's profitability is growing

10. Keynes - The market can remain irrational longer than you can remain solvent