Stock Quotes

Buy Quality Stocks When They Are Marked Down

For many investors, following the advice of well-known investors is their market strategy. They believe if they invest as the top investors do, they will gain the wealth that the top investors have.

That being the case, Forbes Magazine compiled some good quotes from some of history’s greatest investors.

Warren Buffett’s quote illustrates his focus on value investing. “Whether socks or stocks, I like buying quality merchandise when it is marked down,” said the Berkshire Hathaway (NYSE:BRK-A) co-Founder/CEO.

More from Mr. Buffett, here are 3 of his top quotes;

“It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
“I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.
“We’ve long felt that the only value of stock forecasters is to make fortune tellers look good.”
Quotes from some other stock market “Wizards”:

Vanguard Group founder John Bogle said, “Don’t let the miracle of long-term compounding of returns be overwhelmed by the tyranny of long-term compounding of costs.”
Templeton Funds founder John Templeton said, “If you buy the same securities everyone else is buying, you will have the same results as everyone else.”
Equity Groups Investment Chairman Sam Zell said, “Look for good companies with bad balance sheets and understand your downside.”
Peter Lynch, former manager of Fidelity Magellan Fund, said, “Everyone has the brainpower to follow the stock market. If you made it through 5th grade math, you can do it.”
David Tepper, founder of Appaloosa Management, said, “I am the animal at the head of the pack. . . . I either get eaten, or I get the good grass.”
Have a terrific weekend.

Paul Ebelng

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Gandhi Anecdote

An interesting anecdote from Mahatma Gandhijis Life :
Absolutely wonderful 

When Gandhi was studying law at the University College of London, a white professor, whose last name was Peters, disliked him intensely and always displayed prejudice and animosity towards him.
Also, because Gandhi never lowered his head when addressing him , as he expected.... there were always"arguments" and confrontations.
One day, Mr. Peters was having lunch at the dining room of the University, and Gandhi came along with his tray and sat next to the professor. The professor said, "Mr Gandhi, you do not understand. A pig and a bird do not sit together to eat."Gandhi looked at him as a parent would a rude child and calmly replied, "You do not worry professor. I'll fly away," and he went and sat at another table.
Mr. Peters, reddened with rage, decided to take revenge on the next test paper, but Gandhi responded brilliantly to all questions. Mr. Peters, unhappy and frustrated, asked him the following question. "Mr Gandhi, if you were walking down the street and found a package, and within was a bag of wisdom and another bag with a lot of money, which one would you take?"
Without hesitating, Gandhi responded,"The one with the money, of course."Mr. Peters , smiling sarcastically said, "I, in your place, would have taken the wisdom, don't you think?"Gandhi shrugged indifferently and responded,"Each one takes what he doesn't have."
Mr. Peters, by this time was fit to be tied. So great was his anger that he wrote on Gandhi's exam sheet the word "idiot" and gave it to Gandhi. Gandhi took the exam sheet and sat down at his desk trying very hard to remain calm while he contemplated his next move.A few minutes later, Gandhi got up, went to the professor and said to him in a dignified but sarcastically polite tone, "Mr. Peters, you signed the sheet, but you did not give me the grade."

:)