James Chanos Quotes

As a bull market turns into a bear market, the new pros turn into optimists, hoping and praying the bear market will become a bull and save them. But as the market remains bearish, the optimists become pessimists, quit the profession, and return to their day jobs. This is when the real professional investors re-enter the market.

When high-growth companies slow down, growth and momentum junkies often sell indiscriminately, which can create great opportunities for value investors. Just be careful not to anchor on the stock's previous price or earnings multiple, which are no longer relevant.

Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy only when others are fearful.

Buy when everyone else is selling and hold until everyone else is buying. That's not just a catchy slogan. It's the very essence of successful investing.

I buy when other people are selling.

Market timing, by the way, is a tag some buy-and-hold investors use to put down anything that involves using your brain. These are the same people who like to watch the locomotive coming and get run down in the name of discipline.

One thing on psychology, which we've always known, is that every investor says they're long-term - and they are until the market takes a hit.

Successful investing is anticipating the anticipations of others.

To beat the market you'll have to invest serious bucks to dig up information no one else has yet.

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

To buy when others are despondently selling and sell when others are greedily buying requires the greatest fortitude and pays the greatest reward.

I've been in real estate for my whole life, I've been trying to sharpshoot the market with my investments, I'm never right. All you need to do is get near the bottom. That's good enough.

We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.

Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it.

Buy into good, well-researched companies and then wait. Let's call it a sit-on-your-hands investment strategy.

It's easy to buy. Prove that you bought at the right time and the right price.

Investing is a business where you can look very silly for a long period of time before you are proven right.

Why not invest your assets in the companies you really like? As Mae West said, 'Too much of a good thing can be wonderful'.

There is no such thing as a value trap. There are investing mistakes.

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

Everybody thinks that they're going to time the market, they're going to sharpshoot the market, and buy right at the bottom. The truth of the matter is that nobody is good at it.

I'm quite bullish. We're coming up on year 15 of a flat stock market. Historically that's a pretty good sign. So I'm not a hedge-fund manager but if I was I think I'd be feeling pretty good.

Numerous academic studies have shown that amateur investors make poor traders - buying stocks for the wrong reasons, holding losers for too long, and acting on whims and emotions.

The single biggest advantage a value investor has is not IQ. It's patience and waiting. Waiting for the right pitch, and waiting for many years for the right pitch.

I'm going to reveal the grand secret to getting rich by investing. It's a simple formula that has worked for Warren Buffett, Carl Icahn and all the greatest investment gurus over the years. Ready? Buy low, sell high.