Charlie Munger Quotes

If you are not willing to own a stock for 10 years, do not even think about owning it for 10 minutes.

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

I had a few stocks, but stocks took a dive. I never sell my stocks.

The Stock Market is designed to transfer money from the Active to the Patient.

Rip Van Winkle would be the ideal stock market investor: Rip could invest in the market before his nap and when he woke up 20 years later, he'd be happy. He would have been asleep through all the ups and downs in between. But few investors resemble Mr. Van Winkle. The more often an investor counts his money - or looks at the value of his mutual funds in the newspaper - the lower his risk tolerance.

I don't try and guess when to get in and out of the market. I have owned stocks consistently since 1942. I owned the - I was buying stocks the day before the election. I was buying the same stocks the day after election. And if Hillary had been elected, it would have been the same thing.

Everyone has the brainpower to make money in stocks. Not everyone has the stomach. If you are susceptible to selling everything in a panic, you ought to avoid stocks and mutual funds altogether.

Owning equities is an essential part of anyone's portfolio. You just can't ignore it over time. It's going to add the real pop to anyone's overall performance.

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.

Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.

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.

I don't think anybody ever makes any money buying and selling stock. They have to make money by keeping the stock.

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.

Actually, I bought one share of Warren Buffett's stock, probably 35 years ago, in order to read his letters.

Regardless of what the future holds, intelligent investment in common stocks offer a solid route for a reasonable return on investment going forward.

I've definitely sold some Twitter shares. I don't own as many as I used to, because I'm not an idiot, but I own more than I should because I'm an idiot.

Our stay-put behavior reflects our view that the stock market serves as a relocation center at which money is moved from the active to the patient.

You shouldn't own common stocks if a 50 per cent decrease in their value in a short period of time would cause you acute distress.

If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes. Put together a portfolio of companies whose aggregate earnings march upward over the years, and so also will the portfolio's market value.

Investment philosophy is the clear understanding that by owning shares of stocks he owns businesses, not pieces of paper.

Shares are not mere pieces of paper. They represent part ownership of a business. So, when contemplating an investment, think like a prospective owner.

If you're going to invest in an Internet stock, you must be a long-term investor.

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.

Time is on your side when you own shares of superior companies.

Never buy a stock because it has gone up or sell one because it has gone down.