If you can actually count your money, then you are not really a rich man.
Warren Buffett has said many times that people either get value investing in five minutes or they won't get it in five years. So, there is something in the human brain, that for some of us, makes all the difference in the world right away and the patience it requires is part of the wiring process.
In order to be a really good investor, you need to be a little bit of a philosopher as well.
Remind people that profit is the difference between revenue and expense. This makes you look smart.
I made my fortune by being able to spot a certain kind of man.
Many people are in the dark when it comes to money, and I'm going to turn on the lights.
If I find out where every dollar goes, and how it is used, I shall understand the apparatus thoroughly.
The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage.
At the time we acquired Viacom, everyone said I had overpaid. But even at today's depressed prices, that investment is worth billions. Everyone was saying MTV was a fad. I knew better.
Investors operate with limited funds and intelligence, they do not need to know everything. As long as they understand something better than others, they have an edge.
God understands more about the financial markets than many who write about them.
I have a knack - and still do - where I can look at a guy and tell you if he's going to draw you money or not. That's very difficult to do. I haven't met too many people who can do that.
As an old junk pusher told me, 'Watch whose money you pick up.'
The value of the security analyst to the investor depends largely on the investor's own attitude. If the investor asks the analyst the right questions, he is likely to get the right or at least valuable answers.
There is a banking adage that if it's growing like a weed, it's a good chance that it's a weed.
Generally speaking, I went through that. I came to a place where I realised what true value was. It wasn't money. Money is a means to achieving an end, but it's not the end.
Money is the necessity that frees us from necessity. Of all novelists in any country, Trollope best understands the role of money. Compared with him even Balzac is a romantic.
A prediction about the direction of the stock market tells you nothing about where stocks are headed, but a whole lot about the person doing the predicting.
The foresight of financial experts was, as so often, a poor guide to the future.
When I started my writing process for 'Empty Bank,' everything had to do with money. It was at a time in my life where I started to see money differently.
No one should be rich except those who understand it.
The interesting thing about me is that I was born poor, and I've lived rich and I've lived poor, and I know how to do both. People think rich is better. I don't know.
We're all born with different talents. I'm really not that smart, but I can see things - financially and development-wise. It's just the way we're made.
If you want to make a million you don't have to understand money, what you have to understand is people's fears about money
I am excited to join the Bancor advisory board and provide guidance and insight to such an innovative team and protocol.
