1945 – 1980 CE
Rise of value investing, mutual funds, and modern portfolio theory.
Invert, always invert.
— Charlie Munger
"Invert, always invert."
There is no such thing as a final answer to security values.
— Gerald Loeb
"There is no such thing as a final answer to security values."
The most important investment you can make is in yourself.
— Warren Buffett
"The most important investment you can make is in yourself."
The world is not driven by greed. It's driven by envy.
"The world is not driven by greed. It's driven by envy."
Price is what you pay. Value is what you get.
"Price is what you pay. Value is what you get."
The growth stock theory of investing requires patience, but is less stressful than trading.
— T. Rowe Price
"The growth stock theory of investing requires patience, but is less stressful th..."
Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1.
"Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1."
I don't want a lot of good investments; I want a few outstanding ones.
— Philip Fisher
"I don't want a lot of good investments; I want a few outstanding ones."
Only when the tide goes out do you discover who's been swimming naked.
"Only when the tide goes out do you discover who's been swimming naked."
Conservative investors sleep well.
"Conservative investors sleep well."
Knowledge born from actual experience is the answer to why one profits.
"Knowledge born from actual experience is the answer to why one profits."
Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria.
— John Templeton
"Bull markets are born on pessimism, grow on skepticism, mature on optimism, and ..."
