Benjamin Graham Quotes

Our belief is that it is a basket of well-diversified companies that are playing the Internet, but are not direct Internet companies.

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

When buying shares, ask yourself, would you buy the whole company?

If Warren Buffett could change his mind about investing in airlines, Mohnish Pabrai could change his mind about investing in autos. Pabrai, who has modeled his investment career and fee structure after Buffett's original partnership, counts General Motors, Fiat Chrysler, and Ferrari in his highly concentrated portfolio.

The investor's primary interest lies in acquiring and holding suitable securities at suitable prices.

If you are shopping for common stocks, choose them the way you would buy groceries, not the way you would buy perfume.

When people discover they are no good at baseball or hockey, they put away their bats and their skates and they take up amateur golf or stamp collecting or gardening. But when people discover they are no good at picking stocks, they are likely to continue to do it anyway.

The art of investment has one characteristic that is not generally appreciated. A creditable, if unspectacular, result can be achieved by the lay investor with a minimum of effort and capability; but to improve this easily attainable standard requires much application and more than a trace of wisdom. If you merely try to bring just a little extra knowledge and cleverness to bear upon your investment program, instead of realizing a little better than normal results, you may well find that you have done worse.

If you know how to value businesses, it's crazy to own 50 stocks or 40 stocks or 30 stocks, probably because there aren't that many wonderful businesses understandable to a single human being in all likelihood. To forego buying more of some super-wonderful business and instead put your money into #30 or #35 on your list of attractiveness just strikes Charlie and me as madness.

Learn to invest in investments where you can achieve an honest, legal advantage over other investors. When it comes to investing, why play on a level field?

The only way one should buy stocks is if you understand the underlying business. You stay within the circle of competence. You buy businesses you understand.

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.

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.

Look: invest in what you understand, what's foreseeably going to offer real value and returns, not necessarily what's trendy.

The important thing in investing is to be true to your compass.

Invest in good, solid companies in good sectors.

I have 20 restaurants. And if one doesn't work, it doesn't work.

Successful investing is all about common sense.

Because everybody else was investing in the consumer Internet, I did, too.

Early in my career, we were just pure bottoms-up stock pickers.

I think when you invest a lot, you earn your rewards.

Much like Warren Buffett has said very famously - he doesn't buy technology stocks because he doesn't understand them- I will not buy consumer goods companies because I do not understand them.

You've got to be diversified enough. That's the truth in the SEC and in college football.

To be a good investor, you have to think differently from others.

I'm not scared of many sectors, so if you look at my investment portfolio, it is pretty wide. I've invested in anything from market research firms to fashion houses and textile companies.