Wisdom Quotes
"People may wonder what the Japanese are doing and what Koreans are doing, but ultimately the earnings will decide the fate of a stock. People may bet the hourly wiggles in the market, but its the earnings that waggle the wiggles, long term." - Peter Lynch
"Growth is always a component in the calculation of value, constituting a variable whose importance can range from neligible to enormous and whose impact can be negative as well as positive." - Warren Buffett
"I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than they were given when they got up and boy does that help, particularly when you have a long run ahead of you." - Charlie Munger
"To me the value is in the cash flow, not in the assets. It is cash generated by the assets where the real value is coming in." - Donald Yacktman
"It's tough to make predictions, especially for the future. But much like when predicting human behaviour in psychology, the best predictor of future behaviour is past behaviour. A company that did well consistently in the past is much more likely to do well in the future than those that didnt previously do well. A company's past success is more likely due to its business nature than other reasons." - Charlie Tian
"I want to point out that investors should not be obsessed with the valuation calculations. All calculations involve assumptions. They are valid only if the underlying businesses perform as expected. Over the longer term, investment return is more a function of business performance than the valuation, unless the valuation goes extreme. More effort should be put into identifying good businesses and buying them at reasonable valuations." - Charlie Tian
"Part of being an investor is separating the signal from the noise and the feelings from the facts." - David Lebovitz, Global Market Strategist, JP Morgan Asset Management
"Growth is always a component in the calculation of value, constituting a variable whose importance can range from neligible to enormous and whose impact can be negative as well as positive." - Warren Buffett
"I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than they were given when they got up and boy does that help, particularly when you have a long run ahead of you." - Charlie Munger
"To me the value is in the cash flow, not in the assets. It is cash generated by the assets where the real value is coming in." - Donald Yacktman
"It's tough to make predictions, especially for the future. But much like when predicting human behaviour in psychology, the best predictor of future behaviour is past behaviour. A company that did well consistently in the past is much more likely to do well in the future than those that didnt previously do well. A company's past success is more likely due to its business nature than other reasons." - Charlie Tian
"I want to point out that investors should not be obsessed with the valuation calculations. All calculations involve assumptions. They are valid only if the underlying businesses perform as expected. Over the longer term, investment return is more a function of business performance than the valuation, unless the valuation goes extreme. More effort should be put into identifying good businesses and buying them at reasonable valuations." - Charlie Tian
"Part of being an investor is separating the signal from the noise and the feelings from the facts." - David Lebovitz, Global Market Strategist, JP Morgan Asset Management
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