Quote Discovery

"I met a very sophisticated short seller eight years ago. He was short, I was long. He made 30% on his short in a year. I've made 800% over about 7.5 years. We were both right according to our respective goals and mandates. The bookshelf doesn't mind the dust—but it hates the clutter."

"The investor of today does not profit from yesterday's growth."

"There is an old joke about the efficient market economist who's speaking to a student. They notice in the distance a $100 bill that seems to be sitting on a bench and is about to be blown away. Of course, the student runs to get that bill, but then the economist stops him and lectures him saying, if it were really $100, someone would have picked it up by now. What would you do?"

"It takes 20 years to build a reputation and five minutes to ruin it."

"Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years."

"Someone's sitting in the shade today because someone planted a tree a long time ago."

"Time is the friend of the wonderful company, the enemy of the mediocre."

"Price is what you pay. Value is what you get."

"Price is what you pay. Value is what you get."

"Be fearful when others are greedy and greedy when others are fearful."