Rick Santelli Quotes

The last thing you want to do, unless it's a very unusual situation, is to invest money.

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

I know where I'm putting my money.

Nobody ever lost money taking a profit.

I'm not a money manager, but I can tell you what the conventional wisdom is. The younger you are, the more risk you can take on.

In my day job, I worry non-stop about making wise investments for long-term gains.

I'm a very passive investor.

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

When it comes to money, the best investments were probably the ones I did not make.

All I'm trying to do is manage money and take care of my shareholders.

You, your employer and your plan's investment managers fail to follow even the most basic rules of investing. You overtrade, chase performance, do not think long term. All of you - All Of You - have done a horrible job managing your retirement plans.

I would never be 100 percent in stocks or 100 percent in bonds or cash.

My philosophy is that if I have any money I invest it in new ventures and not have it sitting around.

If you are not making any mistakes, you are being excessively risk-averse. Investing involves risk, and that means you will occasionally be wrong. And although it is okay to be wrong, it is not okay to stay wrong.

People want to make sure there is flexibility to reallocate assets. They are trusting us to make the asset allocation decisions.

I'm sometimes accused of being hostile to mutual funds. That's not fair, really. There is a place for them. Still, I am hostile to one thing, which is trying to use funds to time your way in and out of the market. That's a recipe for very bad results.

The things that I've learned is, try to make all the mistakes with your own money and on a small level so that when you are responsible for a partner's money or assets, you've learned, and you don't make bigger mistakes.

If you want to invest in us, we believe customer number one, employee number two, shareholder number three. If they don't want to buy that, that's fine. If they regret, they can sell us.

With poker, you have a resolution of the hand within a couple of minutes. Whereas, even if the thought process in investing is very much the same, you're looking at an outcome that could be 2, 3, 4, 5 years from when you make the original decision. And the mindset related to that is very different.

We believe in constructing the portfolio so that we put our biggest amount of money in our highest-conviction idea, and then we view the other ideas relative to that.

Investing should be dull. It shouldn't be exciting.

Well, there's always risk in long-term investment.

Trust me: it's cool to invest.

I told myself after my football career was over that if I ever started making good money again, I would invest it wisely.

We don't worry over macro-economic factors when investing, as we are always thinking about the long-term.