Tuesday, August 25, 2009

Collection of Investing Mantras

"In my whole life, I have known no wise people who didn't read all the time - none, zero. You'd be amazed at how much Warren (Buffett) reads - at how much I read. My children laugh at me. They think I'm a book with a couple of legs sticking out." - Charlie Munger
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"People who habitually purchase common stocks at more than about 20 times their average earnings are likely to lose considerable money in the long run." - Benjamin Graham & David Dodd
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"Draw a circle around the businesses you understand and then eliminate those that fail to qualify on the basis of value, good management, and limited exposure to hard times." - Warren Buffett
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In evaluating people, you look for three qualities: integrity, intelligence, and energy. If you don't have the first, the other two will kill you." - Warren Buffett

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