Ivan Glasenberg Quotes

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.

I like to invest in companies where I can really add value from my experience, network, etc., so checking out my portfolio of other investments, and my background, will generally give some guidance there.

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

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

What are we focused on? Return on equity. We don't need these great big tier one assets. I'm very happy with getting tier two, tier three assets; that's what Glencore has been good at.

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

They realize that spending millions to save billions is just good business.

I consider each business investment based on concept and revenue.

Commissions add up, taxes are a big drag, margin ain't cheap. A good accountant costs money as well. The math on this one is obvious, yet investors often fail to recognize it: Keep your costs low and your turnover lower, and you will win in the end.

Every time there's a dip in the market, we buy. If you don't buy the land right, it ain't going to work.

I've had a very good stretch with startup investing, and I think it's very important to know when to hold your chips.

A great business at a fair price is superior to a fair business at a great price.

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.

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.

I love the Knicks and Rangers, right, but you still have a responsibility to your shareholders. They're not there because they're fans. You don't invest hundreds of millions of dollars in a stock because you're a fan. You do it because you think that the business is going to increase in value, that the stock price is going to go up.

We call ourselves 'opportunistic value investors.'

I try to buy shares of unpopular companies when they look like road kill and sell them when they've been polished up a bit.

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

All sensible investing is value investing

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

Size will hurt returns. Look at Berkshire Hathaway - the last five things Warren has done have generated returns that are splendid by historical standards, but now give him $100 billion in assets and measure outcomes across all of it, it doesn't look so good. We can only buy big positions, and the only time we can get big positions is during a horrible period of decline or stasis. That really doesn't happen very often.

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.

For us, whether the market is skewed from a bubble perspective or not really is mitigated by staying focused on what we do best.

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.

The ability to select stocks, manage them over time and know when to sell them is incredibly difficult, even for professional fund managers.