Whitney Tilson Quotes

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

One of the rules I've learned is that struggling to try and think your way into making an investment is usually the best way to not have a great outcome.

Trust me: I know a good investment when I see one.

We don't manage money for anyone else. We bear responsibility only for our own risks.

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

In tennis, you strike a ball just after the rebound for the fastest return. It's the same with investment.

For most people, attaining the intellectual clarity and emotional detachment that investing requires is tough.

I don't want to be one of those guys that you see who made $4 million, invested $3.5 million, and now you work at Wendy's.

I think it is crucial to diversify one's portfolio.

I don't like to discuss my investments.

I spend about half of my time wondering why I have so much in stocks and about half wondering why I have so little.

Good investors have to choose how to allocate their mind share with the precious capital they have.

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.

You could lose hundreds or thousands one day on paper and gain it all back the next, and it has literally no effect on your immediate future, provided the money you have in the market is money you're investing for the long haul (meaning at least three to five years).

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

Too many people say to their brokers, I can't deal with this. Take my money. Do what you want. That's the worst attitude you can have.

The key, of course, is to stay away from the losing years.

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

I create offbeat advice; I don't follow it. I rarely take third-party advice on my investments.

I don't want to be on anyone's board. I just want to have good investments.

The social object of skilled investment should be to defeat the dark forces of time and ignorance which envelope our future.

Investing is about making probabilistic decisions with limited information about an unknowable future. The variables are well known, as are the possible outcomes.

I invest in funds myself even though I run my own fund for my daughters.

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

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.