永远
The market is a reflection of human nature, and human nature never changes.
The market is always right, and the price is never too high to buy or too low to sell.
The market is never wrong – opinions often are.
Never overtrade. To do so is to violate a fundamental rule of successful trading.
The market is a pendulum that forever swings between unsustainable optimism (which makes stocks too expensive) and unjustified pessimism (which makes them too cheap). The intelligent investor is a realist who sells to optimists and buys from pessimists.
The quality of an organization is never better than the quality of its people.
The quality of an organization can never exceed the quality of the minds that make it up.
If the job has been correctly done when a common stock is purchased, the time to sell it is—almost never.
The best time to sell a stock is almost never.
Never invest in any idea you can't illustrate with a crayon.
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.
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.
Never invest in any idea you can't illustrate with a crayon.
Never invest in a company without understanding its finances. The biggest losses in stocks come from companies with poor balance sheets.
Never invest in any idea you can't illustrate with a crayon.
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.
Common sense tells us that performance comes and goes, but costs go on forever.