Mark Twain Quotes

Concentrate your energies, your thoughts and your capital. The wise man puts all his eggs in one basket and watches the basket.

The last thing you want to do, unless it's a very unusual situation, is to invest money.

Having the opportunity to follow the market frequently gives you the opportunity to see if you need to reevaluate your portfolio. But reevaluating your portfolio shouldn't trigger a sell signal so frequently.

It is the part of the wise man ... not even to venture all his eggs in one basket.

Conventional wisdom is not to put all of your eggs in one basket. 80/20 wisdom is to choose a basket carefully, load all your eggs into it, and then watch it like a hawk.

Put all your eggs in one basket and then watch that basket.

The idea of excessive diversification is madness. Wide diversification, which necessarily includes investment in mediocre businesses, only guarantees ordinary results.

Index investing outperforms active management year after year.

You could lose hundreds or thousands one day on paper and gain it all back the next, and it has literally no effect on your immediate future, provided the money you have in the market is money you're investing for the long haul (meaning at least three to five years).

Wide diversification is only required when investors do not understand what they are doing.

There's a tendency to look at investments in isolation. Investors focus on the risk of individual securities.

I'm not a money manager, but I can tell you what the conventional wisdom is. The younger you are, the more risk you can take on.

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.

You'd rather own gold; never own the miner.

Investors should invest on what they know. The biggest mistake is to invest on what they don't know.

My advice to the average investor in 1988 is to be patient and think long-term. It will take 18 months for confidence to get better and, in the meantime, this is absolutely no place for short-term money.

When it comes to money, the best investments were probably the ones I did not make.

I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy. You won't get there by reading 'Now is the time to buy.'

The philosophy to 'buy and hold' is a philosophy that I use to manage funds.

All I'm trying to do is manage money and take care of my shareholders.

People want to make sure there is flexibility to reallocate assets. They are trusting us to make the asset allocation decisions.

I almost always recommend investors get fully invested, since it's better to put your money to work than to let it simply track the rate of inflation.

The way to become rich is to put all your eggs in one basket and then watch that basket.

The things that I've learned is, try to make all the mistakes with your own money and on a small level so that when you are responsible for a partner's money or assets, you've learned, and you don't make bigger mistakes.

Investing is for wealth preservation, not wealth creation, so first you have to make wealth.