“There will be bear markets about twice every 10 years and recessions twice every 10-12 years but nobody has been able to predict them reliably.
So the best thing to do is buy when shares are thoroughly depressed and that means when other people are selling.”
— John Templeton
“Buying a cyclical after several years of record earnings and when the P/E ratio has hit a low point is a proven method for losing half of your money in a short period of time.”
“You must buy on the way down. There is far more volume on the way down than on the way up, and far less competition among buyers.
It is almost always better to be too early than too late…”
— Seth Klarman
“Before looking at new investments, we consider adding to old ones. If a business is attractive enough to buy once, it may well pay to repeat the process.”
“Don’t buy ‘cheap’ stocks just because they’re cheap. Buy them because the fundamentals are improving.”
— Peter Lynch
“There are substantial rewards for adopting a regular routine of investing and following it no matter what—and additional rewards for buying more shares when most investors are scared into selling.”
— Peter Lynch
When art critics get together they talk about Form and Structure and Meaning. When artists get together they talk about where you can buy cheap turpentine.
—Pablo Picasso
That when you’re buying books, you’re optimistically thinking you’re buying the time to read them.
—Arthur Schopenhauer
Buying books would be a good thing if one could also buy the time to read them; but as a rule the purchase of books is mistaken for the appropriation of their contents.
—Arthur Schopenhauer
Never buy a thing you do not want, because it is cheap, it will be dear to you.
—Thomas Jefferson
The gossip, the slanderer, is viler than the vilest thief that walks your streets. The thief only steals money; the slanderer steals what money cannot buy – reputation.
—R. A. Torrey
Never buy a cow wearing more than one brand.
—Peter R. Rose