David Tepper Quotes

Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.

I'm smart with my money, I invest conservatively. I don't mind paying top-dollar, but I don't want to get ripped off.

My basic advise is don't lose money

As a matter of fact I trade in accordance to my means and always leave myself an ample margin of safety.

One way to mitigate our risk is to invest in companies with understandable business models.

I invested, and I protected myself, so I enjoy that freedom.

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

One way to make sure you don't lose assets in the future is to streamline your accounts. Consider using one bank for all your banking needs and one brokerage firm for all your investments.

I haven't been as wild with my money as somebody like me might have been. I've been very safe, very conservative with investments. I don't blow money. I don't have a ton of houses. I know things can go away. I've already had that experience.

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.

There are two times in a man's life when he should not speculate [on the Stock Market]: when he can't afford it, and when he can.

People are very focused on value and preservation of capital. They're a lot less risk-prone than they used to be.

That's why I be so careful with my money and always try to invest. I see people who have it all and then lose it.

One should never risk one's whole fortune unless supported by one's entire forces.

If making money is a slow process, losing it is quickly done.

I'd say it's that most people think that very wealthy people take huge risks and that's why they have huge rewards. But the very best on earth are completely obsessed with not losing money. That sounds overly simplistic, but they know that if you lost 50 percent, it takes 100 percent to get even. Most people don't make that math in their head, so it takes years and years. They are obsessed with not losing money.

To have a true investment, there must be a true margin of safety. And a true margin of safety is one that can be demonstrated by figures, by persuasive reasoning, and by reference to a body of actual experience.

I'm always thinking about losing money as opposed to making money. Don't focus on making money, focus on protecting what you have

You can lose leverage, and it's the only way a smart guy can go broke.

Money is hard to earn and easy to lose. Guard yours with care.

By refusing to pay too much for an investment, you minimize the chances that your wealth will ever disappear or suddenly be destroyed.

Confronted with a challenge to distill the secret of sound investment into three words, we venture the motto, Margin of Safety.

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).

I called my business manager in California and said, 'Sell all of my stock' - what little of it I had - and it's the only smart financial move I ever made.

It is madness to make fortune the mistress of events, because by herself she is nothing and is ruled by prudence.