The key ingredient
Lance on Feb 18 2008 | Filed under: Great Investors
Individuals who cannot master their emotions are ill-suited to profit from the investment process.
-Benjamin Graham
Tag Archive 'quotes'
When to be confident
Lance on Feb 17 2008 | Filed under: Great Investors
You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right.
-Benjamin Graham
That Dangerous Reed
Lance on Feb 16 2008 | Filed under: Great Investors
“The four most dangerous words in investing are ‘This time it’s different.’”-Sir John Templeton
Made more dangerous by the fact that occasionally, in some respects, it is. On that thin reed much damage has been done to investors.
On Valuation
Lance on Feb 15 2008 | Filed under: Valuation
The word ‘heresy’ not only means no longer being wrong; it practically means being clear-headed and courageous. The word ‘orthodoxy’ not only no longer means being right; it practically means being wrong.
-GK Chesterton
The Wildness Lies in Wait
Lance on Feb 14 2008 | Filed under: Uncategorized
The real trouble with this world of ours is not that it is an unreasonable world, nor even that it is a reasonable one. The commonest kind of trouble is that it is nearly reasonable, but not quite. Life is not an illogicality; yet it is a trap for logicians. It looks just a little [...]
This time it is different
Lance on Feb 13 2008 | Filed under: Around the Web
Fallacies do not cease to be fallacies because they become fashions.
- GK Chesterton
Now is when investors can separate
Lance on Feb 12 2008 | Filed under: Absolute Return, Asset Allocation, Relative Return, Risk
The whole world of economics is enormously more complex than the world of physics. And therefore the teaching of business schools, including Yale’s, is unrealistic. Even though economics is a very old subject, it has not truly come to grips with the main difficulty, which is the inordinate practical importance of a few extreme events.
-Benoit [...]
Finding Bottoms
Lance on Feb 11 2008 | Filed under: Great Investors
Bottoms in the investment world don’t end with four-year lows; they end with 10- or 15-year lows.
-Jim Rogers
