Stocks Quotes

The point is that market returns are determined by both investment factors - the fundamentals of the initial dividend yield on stocks plus the rate at which their earnings grow - and by speculative factors - the change in the price that investors will pay for each $1 of corporate earnings. ~ John C. Bogle

Most of the time common stocks are subject to irrational and excessive price fluctuations in both directions as the consequence of the ingrained tendency of most people to speculate or gamble ... to give way to hope, fear and greed. ~ Benjamin Graham

We already have an annual wealth tax on homes, the major asset of the middle class. It's called the property tax. Why not a small annual tax on the value of stocks and bonds, the major assets of the wealthy? ~ Robert Reich

One of the big problems with growth investing is that we can't estimate earnings very well. I really want to buy growth at value prices. I always look at trailing earnings when I judge stocks. ~ David Dreman

No man can always have adequate reasons for buying or selling stocks daily - or sufficient knowledge to make his play an intelligent play. ~ Edwin Lefevre

The most popular investing products are the worst ones for investors. ~ Robert Rolih

The marketplace for books when I entered the business shortly after World War II consisted of a thousand or so well stocked independent booksellers in major towns and cities supplemented by thousands of smaller shops that carried limited stocks of mostly current titles along with greeting cards, toys and so on. ~ Jason Epstein

But my system for over 30 years has been this: When stocks are attractive, you buy them. Sure, they can go lower. I've bought stocks at $12 that went to $2, but then they later went to $30. ~ Peter Lynch

You should look at stocks as small pieces of business. ~ Warren Buffett

The time to buy stocks is consistently over time. You should never buy your investments with the idea, 'I have to get a certain return.' You should look at the best return possible and learn to live with that. But you should not try to make your investments earn what you feel you need. It doesn't work that way. The stock doesn't know you own it. ~ Warren Buffett

Disregarding the big swing and trying to jump in and out was fatal to me. Nobody can catch all the fluctuations. In a bull market your game is to buy and hold until you believe that the bull market is near its end. To do this you must study general conditions and not tips or special factors affecting individual stocks. ~ Jesse Lauriston Livermore

1. Investors give fund managers money at the wrong time. Now that you've had some time to read this book and understand the importance of buying stocks during fear cycles and holding during greed cycles, this first indicator should make sense. To understand this principle, imagine that you're the fund manager of a $100 billion investment fund. When the stock market crashes and you're able to purchase severely undervalued businesses with minimal debt, not only do you lack funds to invest, but all your resources are being depleted by scared investors. Instead of receiving money to buy the great deals, your investors are selling their shares in the fund and you don't have the capacity to take advantage of the market behavior. This reason alone severely handicaps fund managers as they attempt to beat the market. ~ Preston G. Pysh

Women who have it all should try having nothing: I have no husband, no children, no real estate, no stocks, no bonds, no investments, no 401(k), no CDs, no IRAs, no emergency fund - I don't even have a savings account. It's not that I have not planned for the future; I have not planned for the present. ~ Elizabeth Wurtzel

A lot of what I do is running businesses rather than buying stocks. My worst decision is probably when I know I have the wrong chief executive running the business, and I keep on waiting to make the difficult decision of replacing him. ~ Gerry Schwartz

I think for a while now people have been scared to be out of TMT the commonly used acronym for technology-media-telecom stocks, which have tended to rise in tandem recently and the feeling has really been you have to be there ... but now we're getting a dose of reality. ~ Peter Oppenheimer

It is crucial to have a strategy in place before problems hit, precisely because no one can accurately predict the future direction of the stock market or economy. Value investing, the strategy of buying stocks at an appreciable discount from the value of the underlying businesses, is one strategy that provides a road map to successfully navigate not only through good times but also through turmoil. ~ Seth Klarman

The true investor scarcely ever is forced to sell his shares, and at all other times he is free to disregard the current price quotation. He need pay attention to it and act upon it only to the extent that it suits his book, and no more.* Thus the investor who permits himself to be stampeded or unduly worried by unjustified market declines in his holdings is perversely transforming his basic advantage into a basic disadvantage. That man would be better off if his stocks had no market quotation at all, for he would then be spared the mental anguish caused him by other persons' mistakes of judgment. ~ Benjamin Graham

Advanced Courses [in Scientology] are the most valuable service on the planet. Life insurance, houses, cars, stocks, bonds, college savings, all are transitory and impermanent ... There is nothing to compare with Advanced Courses. They are infinitely valuable and transcend time itself. ~ L. Ron Hubbard

I love working with big flavors like chiles and smoke. Honey is perfect for softening the edges, mellowing them out a bit. I put it in everything - vinaigrettes, soups, stocks, salsas, so I'm always on the hunt for great honey. ~ Bobby Flay

The party line is that stocks historically have outperformed all other investment plans. ~ Jim Cramer

If there's 10,000 people looking at the stocks and trying to pick winners, one in 10,000 is going to score, by chance alone, a great coup, and that's all that's going on. It's a game, it's a chance operation, and people think they are doing something purposeful ... but they're really not. ~ Merton Miller

For me the greatest source of income is still movies. Nothing - stocks, financial speculation, real estate speculation or businesses - makes more money for me than making movies. ~ Jackie Chan

Hold no more stocks than you can remain informed on. ~ Peter Lynch

A price drop in a good stock is only a tragedy if you sell at that price and never buy more. To me, a price drop is an opportunity to load up on bargains from among your worst performers and your laggards that show promise. If you can't convince yourself 'When I'm down 25 percent, I'm a buyer' and banish forever the fatal thought 'When I'm down 25 percent, I'm a seller,' then you'll never make a decent profit in stocks. ~ Peter Lynch

Some kinds of stocks are easier to analyse than others. ~ Walter Schloss

As a bull market continues, almost anything you buy goes up. It makes you feel that investing in stocks is a very easy and safe and that you're a financial genius. ~ Ron Chernow

I don't think it makes any sense for an individual to invest in common stocks unless they know the company, work at the company, and so on. ~ Eli Broad

You learn to always sell stocks quickly when you have a small loss rather than waiting and hoping they'll come back. ~ Anonymous

There was something superficial in attributing anything so awful as the Great Depression to anything so insubstantial as speculation in common stocks. ~ John Kenneth Galbraith

The recent trading environment has felt something like walking into a place and having a sense that something is wrong and dangerous but not knowing exactly what will happen or when. "QE Infinity" has so distorted the prices of stocks and bonds that nobody can possibly determine what the investing landscape would look like, or what the condition of the economy and financial system would be, in the absence of Fed bond-buying. ~ Paul Singer

Nearly every time I strayed from the herd, I've made a lot of money. Wandering away from the action is the way to find the new action. ~ Jim Rogers

The superior performance of the original S&P 500 firms surprises most investors. But value investors (as described in Chapter 12) know that growth stocks often are priced too high, and excitement over their prospects often induces investors to pay too high a price. Profitable firms that do not catch investors' eyes are often underpriced. If investors reinvest the dividends of such firms, they are buying undervalued shares that will add significantly to their return. ~ Jeremy Siegel

Wall Street is being investigated, but they are not asleep while it's being done. You see where the Senate took that tax off the sales of stocks, didn't you? Saved 'em $48,000,000. Now, why don't somebody investigate the Senate and see who got to them to get that tax removed? That would be a real investigation. ~ Will Rogers

Optimization tells us precisely how to diversify the portfolio, whether I should have 12% in semiconductors or 4% in biotech, etc., and it literally tells me how to diversify not only the industry groups but the stocks. ~ Louis Navellier

Every penny from 'Gossip Girl,' my pension, my stocks has been spent fighting for my children. ~ Kelly Rutherford

It always seemed, and still seems, ridiculously simple to say that if one can acquire a diversified group of common stocks at a price less than the applicable net current assets alone - after deducting all prior claims, and counting as zero the fixed and other assets - the results should be quite satisfactory. ~ Benjamin Graham

When the stocks go up, the cocks go up! ~ Xaviera Hollander

I want attractive stocks that will benefit from persistent institutional buying pressure. ~ Louis Navellier

Let's banish these misleaders from among us, and when we do, we shouldn't fill their places from our Persian peerage alone. As our journey continues, we're going to be joined by many races of men. Just as we choose our horses from the best stocks, not limiting ourselves to our national breed, we should choose the best men to join us in the work of command, regardless of their country or color." A ~ Xenophon

I simply can't buy as much of some stocks such as Detection Systems or United Education & Software as I'd like because there just aren't all that many shares available. ~ Louis Navellier

I believe that there are human stocks with whom it is physically unwise to intermarry, but to think that these stocks are all colored or that there are no such white stocks is unscientific and false. ~ W.E.B. Du Bois

Logic is the subject that has helped me most in picking stocks, if only because it taught me to identify the peculiar illogic of Wall Street. Actually Wall Street thinks just as the Greeks did. The early Greeks used to sit around for days and debate how many teeth a horse has. They thought they could figure it out just by sitting there, instead of checking the horse. A lot of investors sit around and debate whether a stock is going up, as if the financial muse will give them the answer, instead of checking the company. ~ Peter Lynch

The genuine investor in common stocks does not need a great equipment of brain and knowledge, but he does need some unusual qualities of character ~ Benjamin Graham

Stocks are the things to own over time. Productivity will increase and stocks will increase with it. There are only a few things you can do wrong. One is to buy or sell at the wrong time. Paying high fees is the other way to get killed. The best way to avoid both of these is to buy a low-cost index fund, and buy it over time. Be greedy when others are fearful, and fearful when others are greedy, but don't think you can outsmart the market. If a cross-section of American industry is going to do well over time, then why try to pick the little beauties and think you can do better? Very few people should be active investors. ~ Alice Schroeder

Some people, through luck and skill, end up with a lot of assets. If you're good at kicking a ball, writing software, investing in stocks, it pays extremely well. ~ Bill Gates

Investors have been too willing to buy stocks with strong reported earnings, even if they do not understand how the earnings are produced. ~ Alex Berenson

I don't think about the gender of my readers or about reader expectations. I'm frankly scared to. I figured out a long time ago that if I tried to guess the audience, it would be like me trying to guess which stocks to buy. ~ Robert Crais

Do you have any idea how cheap stocks are? Wall Street is now being called Wall Mart Street ~ Jay Leno

When people give away stocks based on forced selling or fear that is usually a great opportunity. ~ Seth Klarman

One of the earliest institutions in every New England community was a pair of stocks. The first public building was a meeting-house, but often before any house of God was builded, the devil got his restraining engine. ~ Alice Morse Earle

So tell me, Ray, what are the percentages you would put in stocks? What percentage in gold? and so on."...
"First, he said, we need 30% in stocks (for instance, the S&P 500 or other indexes for further diversification in this basket)...
"Then you need long-term government bonds. Fifteen percent in intermediate term [seven- to ten-year Treasuries] and forty percent in long-term bonds [20- to 25-year Treasuries]."...
He rounded out the portfolio with 7.5% in gold and 7.5% in commodities...
Lastly, the portfolio must be rebalanced. Meaning, when one segment does well, you must sell a portion and reallocate back to the original allocation. This should be done at least annually, and, if done properly, can actually increase tax efficiency. p390 ~ Tony Robbins

We have been getting rich by depleting all our natural stocks - water, hydrocarbons, forests, rivers, fish and arable land - and not by generating renewable flows. ~ Joseph J. Romm

To some extent, stocks are like Rembrandts. They sell based on what they've sold in the past. Bonds are much more rational. No-one thinks a bond's value will soar to the moon. ~ Charlie Munger

What I'm saying is that there are bargains right now, there are stocks right now that if you're shrewd enough, you will be able to buy them at the opening today and I you'll make money in a year from now. ~ Jim Cramer

You have to find the courage to live as you need to. There will always be those who want you to be ordinary, those who expect you to settle down. Your body can settle, but you have to let your mind soar, you have to hold onto the courage of your artistic convictions. ~ Cassie Stocks

A man sits in an office deciding what stocks to buy. He imagines, no doubt, that he is planning his purchases according to his own judgment. In actual fact his judgment is a melange of impressions stamped on his mind by outside influences which unconsciously control his thought. He buys a certain railroad stock because it was in the headlines yesterday and hence is the one which comes most prominently to his mind; because he has a pleasant recollection of a good dinner on one of its fast trains; because it has a liberal labor policy, a reputation for honesty; because he has been told that J. P. Morgan owns some of its shares. ~ Edward L. Bernays

To finance deficits, the government must sell bonds to investors, competing for capital that could otherwise be used to invest in stocks or corporate bonds. Government borrowings raise long-term interest rates, stifling economic growth. ~ Alex Berenson

Mutual funds were created to make investing easy, so consumers wouldn't have to be burdened with picking individual stocks. ~ Scott Cook

Gambling with cards or dice or stocks is all one thing. It's getting money without giving an equivalent for it. ~ Henry Ward Beecher

My percentage of winners is only about 50/50, because I cut my losers very quickly. The maximum loss I allow is 7%, and usually I am out of a losing stock a lot quicker. I make my money on the few stocks a year that double and triple in price. The profits in those trades easily makes up for all the small losers. ~ David Ryan

In an ideal world, the intelligent investor would hold stocks only when they are cheap and sell them when they become overpriced, then duck into the bunker of bonds and cash until stocks again become cheap enough to buy. ~ Benjamin Graham

The ability to select stocks, manage them over time and know when to sell them is incredibly difficult, even for professional fund managers. ~ Barry Ritholtz

Stocks you trade, it's wives you're stuck with. ~ Peter Lynch

Billions of people are living on the earth today with the knowledge of mathematics, physics, and biology. They have the knowledge of stocks market, the knowledge of politics, engineering, law, and medicine. They know about fashion, sports, arts, music and a lot more other aspects of life. However, the sad reality is that a greater percentage of these people do not know who they are nor why they exist. They do not know for what purpose they are on the earth and where they are heading ~ Clement Ogedegbe

Before this century is over, the Dow Jones Industrial Average will probably be over one million versus around 10,000 now. So for the long-term, the outlook is tremendously bullish if you buy stocks blindly to keep for a century. ~ John Templeton

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

I grade my stocks. I'm what they call a quant, one of the geeks of the stock market. ~ Louis Navellier

Billy not only had a distinguished career in the Legislature, but he also has great business instincts and has done exceedingly well making investment decisions in both stocks and private ventures such as real estate. ~ Christie Hefner

I don't own any stocks or bonds. All my money is tied up in debt. ~ George Carlin

It could have been quite worse," he agreed magnanimously.
"And those two guys who felt up your butt while the maintenance dude was working on that hinge were kicked out because they violated the 'must have fondler's consent' rule, or so that pink-haired woman who spoke English said, so at least they won't do that to the next guy trapped in the stocks."
"I will sleep easier knowing that. ~ Katie MacAlister

In a crisis, stocks of financial companies are great investments, because the tide is bound to turn. Massive losses on bad loans and soured investments are irrelevant to value; improving trends and future prospects are what matter, regardless of whether profits will have to be used to cover loan losses and equity shortfalls for years to come. ~ Seth Klarman

Being a teenager is the worst thirty years of your life. But it all changes after that. You get a great car, a great job. You got a wife, kids, you got your health. But then your company is sold out from under you, your stocks tank, your wife's sleeping with the gardener and your teenage daughter is pregnant. And you notice that you have a prostate so hard, you can actually take a hammer to it. But hey, not one zit. ~ Christopher Titus

Monopolistic capitalism is to blame for this; it sunders the right to own property from responsibility that owning property involves. Those who own only a few stocks have no practical control of any industry. They vote by postcard proxy, but they have rarely even seen "their" company. The two elements which ought to be inextricably joined in any true conception of private property - ownership and responsibility - are separated. Those who own do not manage; those who manage; those who manage and work do not control or own. ~ Fulton J. Sheen

The term bellwether refers to the practice of placing a bell around the neck of a castrated ram (a wether) leading his flock of sheep. While out of sight, the sound of the bell is a directive on the whereabouts of the flock. When earning season begins, the bellwether stock is that of the largest (typically industrial) companies who report their earnings. Analysts look to these reports as an indication of how subsequent reports will come in under or over expectations. ~ Coreen T. Sol

I think that stocks have been this tremendous, tremendous equalizer for people in this country. Guys who can't make a lot of money at their jobs have been able to make a lot of money in the stock market. ~ Jim Cramer

Our essential difficulty is that we are seeking in a mechanism, which is necessary, qualities it simply does not possess. The market does not lead, balance or encourage democracy. However, properly regulated it is the most effective way to conduct business.
It cannot give leadership even on straight economic issues. The world-wide depletion of fish stocks is a recent example. The number of fish caught between 1950 and 1989 multiplied by five. The fishing fleet went from 585,000 boats in 1970 to 1.2 million in 1990 and on to 3.5 million today (1995). No one thought about the long- or even medium-term maintenance of stocks; not the fishermen, not the boat builders, not the fish wholesalers who found new uses for their product, including fertilizer and chicken feed; not the financiers. It wasn't their job. Their job was to worry about their own interests.
(IV - From Managers and Speculators to Growth) ~ John Ralston Saul

I would never be 100 percent in stocks or 100 percent in bonds or cash. ~ Harry Markowitz

Dear Bill, I came to this black wall again, to see and touch your name. William R. Stocks. And as I do, I wonder if anyone ever stops to realize that next to your name, on this black wall, is your mother's heart. A heart broken fifteen years ago today, when you lost your life in Vietnam. And as I look at your name, I think of how many, many times I used to wonder how scared and homesick you must have been, in that strange country called Vietnam. And if and how it might have changed you, for you were the most happy-go-lucky kid in the world, hardly ever sad or unhappy. And until the day I die, I will see you as you laughed at me, even when I was very mad at you. And the next thing I knew, we were laughing together. But on this past New Year's Day, I talked by phone to a friend of yours from Michigan, who spent your last Christmas and the last four months of your life with you. Jim told me how you died, for he was there and saw the helicopter crash. He told me how your jobs were like sitting ducks; they would send you men out to draw the enemy into the open, and then, they would send in the big guns and planes to take over. He told me how after a while over there, instead of a yellow streak, the men got a mean streak down their backs. Each day the streak got bigger, and the men became meaner. Everyone but you, Bill. He said how you stayed the same happy-go-lucky guy that you were when you arrived in Vietnam. And he said how you, of all people, should never have been the one to ~ Eleanor Wimbish

It's no laughing matter being a Republican in these perilous times. Anyone can be a Republican when the stock market is up, but when stocks are selling for no more than they're worth, I tell you, being a Republican - it's a sacrifice. ~ Will Rogers

The way the credit cards were made in the '80s to be a people's form of capitalism and be able to make it so that you could get a loan that you would have been denied previous, now that's the way stocks are. ~ Jim Cramer

My father dealt in stocks and shares and my mother also had a lot of time on her hands. ~ Hermione Gingold

Youth! There is nothing like it. It's absurd to
talk of the ignorance of youth. The only people whose opinions I listen to now with any respect are people much younger than myself. They seem in front of me. Life has
revealed to them her last wonder. As for the aged, I always contradict the aged. I do it on principle. If you ask them their opinion on something that happened yesterday, they
solemnly give you the opinions current in 1820, when people wore high stocks and knew absolutely nothing. ~ Oscar Wilde

Historically, the stock market is like a gambling casino with the odds in your favor. Over the long pull, stocks are given something like nine and a half to ten percent compounded per year. The banks have probably given you something in the order of four to five. ~ Burton Malkiel

When I stand on my special-issue "Intelligent Investor" ladder and peer out over the frenzied crowd, I see very few others doing the same. Many stocks remain overvalued, and speculative excess - both on the upside and on the downside - is embedded in the frenzy around stocks of all stripes. And yes, I am talking about March 2001, not March 2000. ~ Michael Burry

In a correction, other people's stocks go down, in a bear market, your stocks go down. ~ Alan Abelson

A price decline is of no real importance to the bona fide investor unless it is either very substantial say, more than a third from cost or unless it reflects a known deterioration of consequence in the company's position. In a well-defined bear market many sound common stocks sell temporarily at extraordinary low prices. It is possible that the investor may then have a paper loss of fully 50 per cent on some of his holdings, without any convincing indication that the underlying values have been permanently affected. ~ Benjamin Graham

Stocks change. Industries change. But the underlying reasons certain stocks are good investments remain the same. Only the fullness of time reveals which are the most sound. ~ James O'Shaughnessy

The worst continued to worsen. What looked one day like the end proved on the next day to have been only the beginning. Nothing could have been more ingeniously designed to maximize the suffering, and also to insure that as few people as possible escape the common misfortune. The fortunate speculator who had funds to answer the first margin call presently got another and equally urgent one, and if he met that there would still be another. In the end all the money he had was extracted from him and lost. The man with the smart money, who was safely out of the market when the first crash came, naturally went back in to pick up bargains. The bargains then suffered a ruinous fall. Even the man who waited for volume of trading to return to normal and saw Wall Street become as placid as a produce market, and who then bought common stocks would see their value drop to a third or a fourth of the purchase price in the next 24 months. The Coolidge bull market was a remarkable phenomenon. The ruthlessness of its liquidation was, in its own way, equally remarkable. ~ John Kenneth Galbraith

Looked at from another perspective, in the 30 years from 1952 to 1981, stocks returned 9.9% and bonds returned only 2.3%, while inflation annualized out at 4.3%. Thus, during this period, the bond investor lost 2% of real value on an annualized basis, while the stock investor made a 5.6% real annualized return. The last fifteen years of that period were years of high inflation, so this is just another way of saying that stocks withstand inflation better than bonds. Short-term ~ William J. Bernstein

We have become a society where the artist is regarded as a self-indulgent superfluity, and the person who juggles stocks and shares is an essential part of the economy. ~ Pam Brown

Wild fish are under threat of extinction because they're hunted to feed us. Yet land animals that we farm are under no threat of extinction. Shifting from hunting fish to farming fish - where the farmers have the incentive to keep their stocks healthy - could do a tremendous amount of good for wild fish. ~ Ramez Naam

The best values today are often found in the stocks that were once hot and have since gone cold. ~ Benjamin Graham

The question is not do you take money out of stocks and put it into real estate, or the reverse. There's so much money out there looking for a home. I don't think it's either/or. ~ Sam Zell

As long as you have markets, you'll have excesses. People went crazy with tulip bulbs. They went crazy with the South Sea Bubble, they went crazy internet stocks, they went crazy with the uranium stocks back when I was first getting started. I mean, you know, you're not going to change the human animal. And the human animal really doesn't get a lot smarter. ~ Howard Warren Buffett

The history of life is a story of massive removal followed by differentiation within a few surviving stocks, not the conventional tale of steadily increasing excellence, complexity, and diversity. ~ Stephen Jay Gould

This is one of the most important lines of cleavage between Wall Street practice and the canons of ordinary business. Because the speculative public is clearly wrong in its attitude on this point, it would seem that its errors should afford profitable opportunities to the more logically minded to buy common stocks at the low prices occasioned by temporarily reduced earnings and to sell them at inflated levels created by abnormal prosperity ~ Anonymous

I particularly remember the time I gave (the research director) my paper on the banking industry. I felt very proud of my work. However, he read through it and said, 'This is useless. What makes the stock go up and down?' That comment acted as a spur. Thereafter, I focused my analysis on seeking to identify the factors that were strongly correlated to a stock's price movement as opposed to looking at all the fundamentals. Frankly, even today, many analysts still don't know what makes their particular stocks go up and down. ~ Stanley Druckenmiller

With the Cardinals everybody would be reading the business section to see what their stocks were doing. You get to this locker room (Pirates) in the morning and everybody is looking at the sports page to see if Hulk Hogan won. ~ Andy Van Slyke

Leeks are normally given the job of flavouring other things, such as stocks and soups, but I find their creaminess and sweet, oniony flavour very satisfying. ~ Yotam Ottolenghi

Well, I think the secret is if you have a lot of stocks, some will do mediocre, some will do okay, and if one of two of 'em go up big time, you produce a fabulous result. And I think that's the promise to some people. ~ Peter Lynch