Sri Samrudhi Investment Services

Quotations

WARREN BUFFETS QUOTES

“Rule No. 1 : Never lose money. Rule No. 2 : Never forget Rule No. 1.”
“Honesty is a very expensive gift, Don't expect it from cheap people.”
“Price is what you pay. Value is what you get.”
“Someone's sitting in the shade today because someone planted a tree a long time ago.”
“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”
“The most important thing to do if you find yourself in a hole is to stop digging.”
“If you’re in the luckiest one per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.”
“Risk comes from not knowing what you're doing”
“There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.”
“It takes 20 years to build a reputation and five minute to ruin it. If you think about that you'll do things differently.”
“Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.”
“It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction.”
“No matter how great the talent or efforts, some things just take time. You can't produce a baby in one month by getting nine women pregnant.”
“You only have to do a very few things right in your life so long as you don't do too many things wrong.”
“You never know who's swimming naked until the tide goes out.”
“There seems to be some perverse human characteristic that likes to make easy things difficult. ”
“If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy.”
“I will tell you the secret to getting rich on Wall Street. You try to be greedy when others are fearful. And you try to be fearful when others are greedy.”
“In the business world, the rearview mirror is always clearer than the windshield.”
“It's nice to have a lot of money, but you know, you don't want to keep it around forever. I prefer buying things. Otherwise, it's a little like saving sex for your old age.”

top ⇑

QUOTES by RAKESH JHUNJHUNWALA

“If a girl is beautiful a suitor will come. If a stock is beautiful, a suitor will come. So I don’t search for suitors when I buy the stock”
“I have learnt two things about the press and wives. When they say something - don’t react.”
“India will remain in a phase of very good economic growth for the next 30 years.”
“Markets are like women - always commanding, mysterious, unpredictable and volatile.”
“Anticipate trend and benefit from it. Traders should go against human nature.”

”

“The mother of bull all runs is still to come.”
“I have two-three dreams in life. The first dream is that when I die and only truth of life is death, how many people come to my funeral and say, a good man has died. That is the greatest ambition in my life. Second thing is I want to earn the greatest wealth of the world in the most legitimate manner; practical legitimate manner and leave the largest part of it to charity.”
“Respect the market. Have an open mind. Know what to stake. Know when to take a loss. Be responsible.”
“Growth comes out of chaos.”
“Market is above individuals. The market is rational. An individual can never be smarter than the market.”
“Maximise profits and minimise losses.”
“Invest in a business not a company.”
“Emotional investment is a sure way to make loss in stock markets.”
“If in doubt, listen to your heart.”
“The country has rediscovered its confidence.”
“Whatever you can do or dream you can, begin it. Boldness has genius, power and magic in it.” - (Goethe)
“Aspire, but never envy.”
“Be paranoid of success - never take it for granted. Realise success can be temporary and transient.”
“Build a fighting spirit - take the bad with the good.”
“When you see a horizon, it seems so distant. When you reach that horizon, you will realize how many more horizons are within reach.”
“Have some cash in hand so that you can grab the opportunity when it occurs.”
“Blindly following stock picks by big investors is not a wise thing to do.”
“Look at the sources of Profits. What are the reasons that will give rise to Profits in the medium and long-term term” .
“Look at the factors and circumstances that will create an opportunity for business in the sector” .
“If there is value in Large Cap, buy it. If there is value in Small Cap, buy it. But don’t obsess on irrelevant matters”
“Give your investments time to mature. Be Patient for the World to discover your gems” .
“Never get carried away by aberrations, recognize and respect them but do remember that the market corrects its aberration though it takes time.”
“Don’t worry about things that you neither know about nor can do anything about. It’s not important. Instead focus your energies on what you can and should know well enough - the business of the company you are investing in”.
“Never in my life have I not made an investment because the stock is not popular. In fact I like to make the investment when the stock is not popular.”
“vadhere vadhare levanu vadhare vadhare beichavanu” -Buy as the market is rising sell as the market is falling.
“Like wives markets are always right. With wives you can argue but with markets you can’t.”
“If the Indian economy performs well, the money will come from Timbaktu, but it will come,”
“In trading, we make mistakes everyday. You know one author once said beautifully, that it’s not important that you are right or wrong in trading; it’s important how much you lose when you are wrong and how much you make when you are right.”
“You know, trading always keeps you on your feet, it keeps you alert. That’s one of the reasons why I like to trade.”
“First thing I’ve learnt is that markets work. They are the best mechanism to build societies.”
“Either don’t come to markets or don’t regret what you have done.”
“Teji me sab ka bol bala, mandi me sab ka muh kala.”
“I only make mistakes, which I can afford, where I can lift to begin again.”
“You do not succeed without obsession.”
“The market is supreme.”
“With time, everything changes and passes. Find the excesses.”
“As a rule in trading never ever average.”
“Always know what to stake and when to take a loss.”
“Make the investment when the stock is not popular.”
“The prettiest part of the stock is that it has to be cheap - the entry point.”
“Do not invest in those cheap stock which will give huge returns when your children are grown up.Think about a reasonable time also.”
“Hold on to a stock only if will give returns and not become emotionally attached to it.”
“In the market you have to be like a chameleon, always changing your colours and going with the trend. You’re lost if try to go against it.”
“See the world as it is, rather than what you would like it to be.”
“When opportunities come, they can come through technology, marketing, brands, value protections, capital, etc. You need to be able to spot those.”
“Invest in the small caps, which will be the large caps. The biggest challenge of investing is that you should recognise whether organization has the ability to scale.”
“I have far less than people think, but far more than I need.”
“I initially wanted to become a broker, but I didn’t have the capital to be a broker, so I started investing.”
“Markets make excesses but those excesses come to an end.You have to judge how long will that excess last and when will it end.We will try and make money both ways.”
“Trading is against human nature.”
“You have to lose many a battle to win the war” - (Churchill)
“My decision to aggressively invest in the asset class of Indian equities at the right time was a very important determinant of my success.”

”

“If you see an opportunity, grab it today!”

top ⇑

Famous Quotes About Money and Investing From Sir John Templeton

“Bull markets are born on pessimism, grown on skepticism, mature on optimism and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.”
“If we become increasingly humble about how little we know, we may be more eager to search.”
“The four most dangerous words in investing are ‘This time it’s different.’”

Warren Buffett

Optimism.. is the enemy of the rational buyer
Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway -
If past history was all there was to the game, the richest people would be librarians
If a business does well, the stock eventually follows
Only buy something that you’d be perfectly happy to hold if the market shut down for ten years
Beware of geeks bearing formulas

Jim Rohn

Formal education will make you a living; self education will make you a fortune.
Money is usually attracted, not pursued.

Benjamin Franklin

If you would be wealthy, think of saving as well as getting
He that is of the opinion money will do everything may well be suspected of doing everything for money
An investment in knowledge always pays the best interest

Donald Trump

Money was never a big motivation for me, except as a way to keep score. The real excitement is playing the game
Experience taught me a few things. One is to listen to your gut, no matter how good something sounds on paper. The second is that you’re generally better off sticking with what you know. And the third is that sometimes your best investments are the ones you don’t make.

George Soros

It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.
Stock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.

Joe Moore

No man’s credit is as good as his money
It’s difficult to save money when your neighbors keep buying things you can’t afford

Oscar Wilde

Anyone who lives within their means suffers from a lack of imagination
When I was young I thought that money was the most important thing in life; now that I am old I know that it is

Spike Milligan

Money couldn’t buy friends, but you got a better class of enemy
All I ask is the chance to prove that money can’t make me happy

John D Rockefeller

Do you know, the only thing that gives me pleasure? It’s to see my dividends coming in
The way to make money is to buy when blood is running in the streets.

Mark Twain

I am opposed to millionaires, but it would be dangerous to offer me the position
October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February

Bill Vaughan

Money won’t buy happiness, but it will pay the salaries of a large research staff to study the problem
Economists report that a college education adds many thousands of dollars to a man’s lifetime income - which he then spends sending his son to college.

top ⇑

Stage and Screen

A rich man is nothing but a poor man with money - W.C. Fields
Money is the best deodorant - Elizabeth Taylor
It doesn’t matter if you’re black or white… the only color that really matters is green - Family Guy
Money frees you from doing things you dislike. Since I dislike doing nearly everything, money is handy - Groucho Marx
Someday I want to be rich. Some people get so rich they lose all respect for humanity. That’s how rich I want to be - Rita Rudner
Dogs have no money. Isn’t that amazing? They’re broke their entire lives. But they get through. You know why dogs have no money? .. No Pockets - Jerry Seinfeld
The easiest way for your children to learn about money is for you not to have any - Katharine Whitehorn
Ever notice how it’s a penny for your thoughts, yet you put in your two-cents? Someone is making a penny on the deal! - Steven Wright
Ever wonder about those people who spend $2 apiece on those little bottles of Evian water? Try spelling Evian backward” - George Carlin
To many people spend money they haven’t earned, to buy things they don’t want, to impress people they don’t like - Will Smith
A prudent question is one half of wisdom - Francis Bacon
My problem lies with reconciling my gross habits with my net income - Erroll Flynn
Money is better than poverty, if only for financial reasons - Woody Allen

Classic Author Unknown

Invest a few moments in thinking. It will pay good interest
He who marries for love without money has good nights and sorry days
An investor’s worst enemy is not the stock market but his own emotions
By the time I have money to burn, my fire will have burnt out
If you think nobody cares if you’re alive, try missing a couple of car payments
If you lend someone $20.00 and you never see that person again; it was probably worth it!
By the time I have money to burn, my fire will have burnt out
In the old days a man who saved money was a miser; nowadays he’s a wonder
The simple truth about buying a shares - After all your research that convinces you to buy shares in a certain company, for you to buy the shares, you need someone to be just as convinced that it is time to sell those shares!
The art is not in making money, but in keeping it.

Mixed bag of favourites

Money is like love; it kills slowly and painfully the one who withholds it, and enlivens the other who turns it on his fellow man - Kahlil Gibran
Money is like a sixth sense - and you can’t make use of the other five without it - William Somerset Maugham
What difference does it make how much you have? What you do not have amounts to much more - Seneca
The stock market is filled with individuals who know the price of everything, but the value of nothing - Phillip Fisher
It’s good to have money and the things that money can buy, but it’s good, too, to check up once in a while and make sure that you haven’t lost the things that money can’t buy - George Lorimer
In investing, what is comfortable is rarely profitable - Robert Arnott
Money and women. They’re two of the strongest things in the world. The things you do for a woman you wouldn’t do for anything else. Same with money - Satchel Paige
Inflation is the crabgrass in your savings - Robert Orben (Crabgrass is a problem weed, prevalent in the US!)
Influence is like a savings account, the less you use it, the more you’ve got - Andrew Young
Those who are unwilling to invest in the future haven’t earned one - H.W. Lewis,Technological Risk, 1990
It’s never too early to encourage long term savings - Ron Lewis
Don’t emphasise money if you don’t have much; be happy - Dave Barry
For I don’t care too much for money, for money can’t buy me love. - The Beatles
Money, if it does not bring you happiness, will at least help you be miserable in comfort. - Helen Gurley Brown
Anything that we can do to raise personal savings is very much in the interest of this country - Alan Greenspan
A successful man is one who can lay a firm foundation with the bricks others have thrown at him - David Brinkley
Nobody ever lost money taking a profit - Bernard Baruch
I finally know what distinguishes man from the other beasts: financial worries - Jules Renard
Never invest in any idea you can’t illustrate with a crayon - Peter Lynch
Every day I get up and look through the Forbes list of the richest people in America. If I’m not there, I go to work - Robert Orben
The economy depends about as much on economists as the weather does on weather forecasters - Jean-Paul Kauffmann
I hate weekends because there is no stock market - Rene Rivkin
It is not the creation of wealth that is wrong, but the love of money for its own sake - Margaret Thatcher, former UK Prime Minister
It’s not your salary that makes you rich, it’s your spending habits - Charles A Jaffe - Former Chess Grand Master
I’d like to live as a poor man with lots of money - Pablo Picasso
A good head and a good heart are always a formidable combination” - Nelson Mandela
A mistake is simply another way of doing things - Katherine Graham
Make money your god and it will plague you like the devil - Henry Fielding
Money will buy you a fine dog, but only love can make it wag its tail- Richard Friedman
Don’t tell me where your priorities are. Show me where you spend your money and I’ll tell you what they are - James W. Frick
If you pay peanuts, you get monkeys - James Goldsmith
“Money costs too much - Ross McDonald
Love lasteth as long as the money endureth - William Caxton
To be clever enough to get all the money, one must be stupid enough to want it - Gilbert K Chesterton
Someone stole all my credit cards, but I won’t be reporting it. The thief spends less than my wife did - Henry Youngman‎”
A bank is a place where they lend you an umbrella in fair weather and ask for it back when it rains - Robert Frost
It is pretty hard to tell what does bring happiness; poverty and wealth have both failed - Kin Hubbard
The greatest good we can do for others is not just to share our riches with them, but to reveal theirs - Zig Zigler
Investors have very short memories - Roman Abramovich
If inflation continues to soar, you’re going to have to work like a dog just to live like one - George Gobel
“Wall Street people learn nothing and forget everything.” Ben Graham
“ Buy on the cannons, sell on the trumpets.” Old French Proverb
“A stock broker is one who invests other people’s money until its all gone.” Woody Allen
“It is fortunate for Wall Street as an institution that a small minority of people can trade successfully and that many others think they can.” Ben Graham
“Wall Street indices predicted nine out of the last five recessions!” Paul Samuelson
“There are two kinds of investors, be they large or small: those who don’t know where the market is headed, and those who don’t know that they don’t know. Then again, there is a third type of investor –the investment professional, who indeed knows that he or she doesn’t know, but whose livelihood depends upon appearing to know.” William Bernstein
“The point is, ladies and gentleman, that greed, for lack of a better word, is good. Greed is right, greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. Greed, in all of its forms; greed for life, for money, for love, knowledge has marked the upward surge of mankind.” Gordon Gekko
“It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.” George Soros
“October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.” Mark Twain

If past history was all there was to the game, the richest people would be librarians.”

“Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.” Warren Buffett
“A market is the combined behavior of thousands of people responding to information, misinformation and whim.” Kenneth Chang
“The four most dangerous words in investing are “This time it’s different”. John Templeton
“Money can’t buy you happiness but it does bring you a more pleasant form of misery.” Spike Milligan
“If you don’t follow the stock market, you are missing some amazing drama.” Mark Cuban
“The average man doesn’t wish to be told that it is a bull or a bear market. What he desires is to be told specifically which particular stock to buy or sell. He wants to get something for nothing. He does not wish to work. He doesn’t even wish to have to think.” Jesse Livermore
“In this business if you’re good, you’re right six times out of ten. You’re never going to be right nine times out of ten.” Peter Lynch
“ Markets can remain irrational longer than you can remain solvent” John Maynard Keynes
“The markets will return to rationality the moment you have been rendered insolvent.” Dennis Gartman
“Risk is good. Not properly managing your risk is a dangerous leap” Evel Knievel
“Sometimes your best investments are the ones you don’t make.” Donald Trump
“The most predictable thing about the stock market is the number of experts who take credit for predicting it.” Dave Weinbaum
“I have probably purchased fifty ‘hot tips’ in my career, maybe even more. When I put them all together, I know I am a net loser.” Charles Schwab
“Money talks… but all mine ever says is good-bye.” Anon
“Don’t gamble! Take all your 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
“Give me a stock clerk with a goal and I’II give you a man who will make history. Give me a man with no goals and I’II give you a stock clerk.” James Cash
“Stocks are bought on expectations, not facts.” Gerald M. Loeb
“Your success in investing will depend in part on your character and guts, and in part on your ability to realize at the height of the ebullience and the depth of despair alike that this too shall pass.” John Bogle
“You make most of your money in a bear market, you just don’t realize it at the time.” Shelby Davis

Market phrases

Can’t-

Phrases include: “The market can’t..” or “I can’t…” or “I can’t lose anymore”. Yes the market can, go look at a chart. Go look at a Fed day or about any chart from 2008. Not only can it happen, it does happen. There are no more once in a lifetime moves in the market. There are and always have been life changing moves. No one ever said trading was easy but at least in the case of futures someone is taking your money. If you think you can’t, you probably wont. The market will take every penny you have. If can take every penny you put at risk. Fix the problem, when you run out of money it is too late.

Impossible-

Phrase includes: “It is impossible to make money”. Once again someone, somewhere is making money. It may not end up being an efficient use of your time or capital but it is possible. You are substituting an excuse for execution.

Sense-

Phrase includes: “The market does not make sense”. Many fortunes are made in an illogical market. Logic is a bigger driver than risk controls for most people. It is easier to ignore your P/L when you can see or touch the catalysis. For example, it is cold buy natural gas. By the time you change your view or are forced to change, the market flips. Logic will eventually prevail, with or without you.

top ⇑