Jeremy Grantham Quotes

Since we try and take a fairly buy-and-hold approach to our newsletter portfolios and don't sell at every whipsaw, we want to have a mix of stocks that will perform at both ends of the oscillation.

Part of the game of investing is to come into your own. You must find some way that perfectly fits your personality because there is some element of a zero sum game in investing. If you buy, somebody else has to sell. And when you sell, somebody has to buy. You can't both be right.

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

Of course. I favor passive investing for most investors, because markets are amazingly successful devices for incorporating information into stock prices.

I've learned there's a big difference between a long-focused value investor and a good short-seller. That difference is psychological and I think it falls into the realm of behavioral finance.

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

Successful investing is anticipating the anticipations of others.

Whenever you try to pick market tops and bottoms, you are making a prediction. Guessing what stock is going to outperform the market is forecasting, as is selling a stock for no apparent reason. Indeed, nearly all capital decisions made by most people are unconscious predictions.

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.

Many investors make the mistake of buying high and selling low while the exact opposite is the right strategy.

The long-term focus of index funds is a much needed counterweight to the short-termism favored by so many market participants.

There is a natural tendency for investors to devote a significant majority of their time to finding new ideas. After all, uncovering great companies selling at great prices is the lifeblood of successful investing. But in the never-ending quest for the next great idea, investors often give short shrift to their existing investments.

If you can't find any companies that you think are attractive, put your money in the bank until you discover some.

All sensible investing is value investing

You must never delude yourself into thinking that you're investing when you're speculating.

We urge the beginner in security buying not to waste his efforts and his money in trying to beat the market. Let him study security values and initially test out his judgment on price versus value with the smallest possible sums.

Don't bottom fish.

What we do is we test what works on Wall Street. And sometimes it is earnings momentum, and sometimes it's earnings surprises. Sometimes it's price-to-sales cash flow, and then we put together our stock selection models.

The philosophy to 'buy and hold' is a philosophy that I use to manage funds.

Having the opportunity to follow the market frequently gives you the opportunity to see if you need to reevaluate your portfolio. But reevaluating your portfolio shouldn't trigger a sell signal so frequently.

I'm not emotional about investments. Investing is something where you have to be purely rational and not let emotion affect your decision making - just the facts.

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

I've always loved to play games, and face it: investing is one big game. You need to be decisive, open-minded, flexible and competitive.

I mean I'm not smarter than the market, but I can recognize a good tape and a bad tape. I recognize when it's right and when it's wrong and that's what my strength is.

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