Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.– Albert Einstein
Don’t look for the needle in the haystack. Just buy the haystack!” – John Bogle. This quote suggests that instead of trying to find the single best stock, invest in index funds to get a piece of a broad market
The most important quality for an investor is temperament, not intellect.” – Warren Buffett. It emphasizes that controlling emotions is key to successful investing
Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.” – Warren Buffett. This quote stresses the importance of avoiding losses in your investment strategy
The stock market is a device for transferring money from the impatient to the patient.” – Warren Buffett. Patience is highlighted as a virtue in investing
Invest in assets that appreciate, not liabilities that depreciate.” – Robert Kiyosaki. This quote advises to focus on investments that grow in value over time
The best investment you can make is in your own knowledge.” – Warren Buffett. Again, highlighting the importance of education and self-improvement
Investment in knowledge pays the best interest.” – Benjamin Franklin. This timeless advice suggests that learning and acquiring knowledge yield the best returns
There’s no shame in losing money on a stock. Everybody does it. What is shameful is to hold on to a stock, or worse, to buy more of it when the fundamentals are deteriorating.” Lynch advises against falling prey to emotional attachment to a losing investment
If you invest $1,000 in a stock, all you can lose is $1,000, but you stand to gain $10,000 or even $50,000 over time if you’re patient.” This quote speaks to the asymmetric nature of investing and the potential for significant gains
Invest in what you know.” This is perhaps one of Lynch’s most famous pieces of advice, encouraging investors to stick with industries and companies they understand well
An important key to investing is to remember that stocks are not lottery tickets.” This quote cautions against viewing the stock market as a game of chance