Wall Street Wit and Wisdom

"Invest at the point of maximum pessimism."

John Templeton

"I'd be a bum on the streets with a tin cup if the markets were always efficient."

Warren Buffett

"The best way to make money from investment advice is to sell it, not to take it."

Malcolm Forbes

"In general, a manager's fee and not his skill, plays the biggest role in performance."

Eugene Fama

"Never invest in any idea you can't illustrate with a crayon."

Peter Lynch

"Nine-tenths of successful investing is luck. The other ten percent is being prepared to capitalize on that luck."

Jim Cramer

"Don't gamble! Take all savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it."
Will Rogers

"One hundred percent of the information you have about a company represents the past, and 100 percent of the value depends on the future."

Bill Miller

"At least 95% of what you read or hear [about the stock market] will be worthless."

Burton Malkiel

"I'm more interested in the return of my money than the return on my money."
Will Rogers

"Being bearish or cautious always sounds smarter than being bullish."

Bill Miller

"The best time to invest for those with a long-term horizon is when they have the money."

Shelby Davis

"Goodness is the only investment that never fails."
Henry David Thoreau

"Wall Street's favorite scam is pretending luck is skill."

Ron Ross

"In the investment business, there's a fine line between being early and being wrong."

Bill Nygren

"An investment in knowledge always pays the best interest."
Benjamin Franklin

"I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years."
Warren Buffett

"The four most dangerous words in investing are 'This time it's different.'"
Sir John Templeton

"Anytime anyone offers you anything with a big commission and a 200-page prospectus, don't buy it."

Charlie Munger