Guy Spier Quotes

I made my money by selling too soon.

Short sellers sell stock they have borrowed, hoping to buy it back later when its price has fallen.

Nobody ever lost money taking a profit.

If there's a recession, I'd buy stocks. That's when you make money: when markets are spooked.

There is always risk involved. You can't be a capitalist only when there are investment profits but then a socialist when you experience losses.

I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.

My advice to most people is don't short stocks. It's a very, very difficult business. And you can really get clobbered.

Derivatives are like sex. It's not who we're sleeping with, it's who they're sleeping with that's the problem.

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).

I have yet to take capital losses on any company. Then again, it's still early.

I have plenty of investments that I wish I'd never made. But the model is to lose money on a lot of investments and then make 1,000X or 10,000X on an investment.

The real key to making money in stocks is not to get scared out of them.

I have a million dollars in the stock market, because if I lose a million dollars, I don't personally care.

Asset managers have different approaches, and I don't wish to suggest there is only one way to run money. There are many ways one can attempt to reduce risk, improve performance, lower drawdowns and reduce volatility.

People often panic when the markets go down and sell off their stocks - but then they aren't in the game when the markets are doing well.

Don't bottom fish.

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

One of our big challenges with the newsletter is that everyone thinks big stocks are safe. That's not true at all. They're only safe if the money is flowing there.

I have no complaints about losing money I put in high-risk investments. I did some of that when I had real money; my informed choice, my measured gamble.

If you go back to 2001, the market had two violent short covering rallies then, although I know the market didn't officially get going until March 2003.

Derivatives are a huge, complex issue.

The way to make money is to buy when blood is running in the streets.

In real estate, you make 10% of your money because you're a genius and 90% because you catch a great wave.

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.

There is no free lunch, so if you're playing with the big train set - on big movies - it's a lot of money they're entrusting you with, and you have to get that money back for them. I don't take that responsibility lightly.