“There are two requirements for success in Wall Street. One, you have to think correctly; and secondly, you have to think independently.” - Benjamin Graham
“Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.” - Paul Samuelson
“I am convinced that an individual investor with sound principles, and soundly advised, can do distinctly better over the long pull than a large institution.” - Benjamin Graham
“Most active investors fail to realize that they are part of the crowd them selves. They are trying to beat the crowd while being the crowd.” – Naved Abdali
“The more you trade, the harder it is to add value because you’re absorbing a lot of transaction costs, not to mention taxes.” - Lou Simpson
“Managers do not create large alphas by being conventional. They do so by taking the risk of being wrong and alone.” - Peter Bernstein
“Always write down all the reasons of why you are buying an asset. Review the list periodically and only sell when the majority of reasons are not valid anymore.” – Naved Abdali
“Investing is not supposed to be easy. Anyone who finds it easy is stupid.” - Charlie Munger
“Don't think for a moment that small investors are the only ones guilty of too much attention to the rear-view mirror.” - Warren Buffett
“I think there’s a tendency in the modern world of people wanting their money to be working hard, and I joke that our money is like a couch potato by comparison.” - Seth Klarman
“If some of the most astute people in Wall Street have frequently guessed wrong in trying to profit by stock market movements, it may not be too much to assume that the attempt itself has represented a misconception of the proper function of management.” - Philip Carret
“All the time and effort that people devote to picking the right fund, the hot hand, the great manager, have in most cases led to no advantage.” - Peter Lynch
“I like the idea of having a little action. That may not be good from a logical point of view, but it's good from an emotional point of view.” - Walter Schloss
“Pundits forecast not because they know, but because they are asked.” - John Kenneth Galbraith
“If investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring.” - George Soros