Naval Ravikant Quotes

Investors have to ask themselves two questions. How much can we grow our investments? And, can we afford our mistakes?

In a rising market, enough of your bad ideas will pay off so that you'll never learn that you should have fewer ideas.

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

But in practice, if often comes down to not suffering a loss as big as the huge gain you made a while ago.

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.

Because in the New Normal you are more worried about the return of your capital, not return on your capital.

Simply put, investors should own less equities, more bonds, more global investments, more cash and more dry ammunition.

In the investment business, you must expect to be wrong.

I don't really like hedging. To me, if something needs to be hedged, you shouldn't have a position in it.

The kind of investors we seek are long term because that's how we make our decisions.

Whatever money you may need for the next five years, please take it out of the stock market right now, this week.

For those properly prepared, the bear market is not only a calamity but an opportunity.

Doing ventures is great - I'm talking economics now - if you've got a rising market. It's wonderful. If I hadn't got HKT, I would have been just as happy. Because there's a price for everything. And to overpay for something is awful.

For us, whether the market is skewed from a bubble perspective or not really is mitigated by staying focused on what we do best.

We're getting hurt, but I'm a long-term investor.

I called my business manager in California and said, 'Sell all of my stock' - what little of it I had - and it's the only smart financial move I ever made.

Always keep your portfolio and your risk at your own individual comfortable sleeping point.

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

The starting point of my career in money management in 1973-74 was the time of the only true bear market any living non-Japanese investor has seen in major markets. Equities, real estate, you name it, everyone got run over.

If your investing approach requires that you become Nostradamus to succeed, then you are destined to fail.

Nobody ever lost money taking a profit.

Every portfolio benefits from bonds; they provide a cushion when the stock market hits a rough patch. But avoiding stocks completely could mean your investment won't grow any faster than the rate of inflation.

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.

We test everything on a one- and a three-year cycle. And you want to stress-test a model, and the three-year test usually does that because you have a growth and value bias. You have different interest rate environments.

History has proven time and again that downturns are the best time to invest in new start-ups. You get good deals and find a better environment for start-ups to grow.