Investment Analysis Quotes

All intelligent investing is value investing - acquiring more that you are paying for. You must value the business in order to value the stock.

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.

It's much more profitable to sell investing advice than to follow it.

Private equity is a science project for many, many years, and when you have a science project, it leaves the human beings as a secondary fact.

When you see a 'Shark fight' erupt, we aggressively want to understand what we are committing our money toward.

The market always, in theory at least, looks ahead. And it's always trying to take in every bit of information that it can as quickly as it can. You don't really care so much if the company made a dollar last year; you want to know what it's going to make this year.

If a founder has passion and innovation, he needs to be supported. I am more intuitive than a numbers person, and I recognise that not all investments are going to be positive. Some may fail, and some may have problems for other reasons. That is life.

An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return.

Since when was the stock market an accurate barometer of anything?

As a whole, when it comes to business in general, whether it's buying a building or contract negotiations or whatever it is, you have to take emotions out of it. That's what people forget.

You can't find returns in investments you haven't made.

Sometimes your best investments are the ones you don't make.

In my opinion, the entire field of investment management, involving hundreds of billions of dollars, would be more satisfactorily conducted if everyone had a good yardstick for measurement of ability and sensibly applied it.

Assess Bitcoins? All you can do is examine the trading patterns, which do not provide a real analysis of any underlying economic value. The economics of investments are not solely based on supply and demand, and that is all that goes into Bitcoin prices.

The biggest mistake investors make is to believe that what happened in the recent past is likely to persist. They assume that something that was a good investment in the recent past is still a good investment. Typically, high past returns simply imply that an asset has become more expensive and is a poorer, not better, investment.

No idea for a new growth business ever comes fully shaped. When it emerges, it's half-baked, and it then goes through a process of becoming fully shaped.

We don't prognosticate macroeconomic factors, we're looking at our companies from a bottom-up perspective on their long-run prospects of returning.

I consider each business investment based on concept and revenue.

I have always believed that a single talented analyst, working very hard, can cover an amazing amount of investment landscape, and this belief remains unchallenged in my mind.

There's a tendency to look at investments in isolation. Investors focus on the risk of individual securities.

We monitor close to 50 companies globally that can be potential investment opportunities. I'd like to see DST as a significant global investment company in the Internet arena.

Spend at least as much time researching a stock as you would choosing a refrigerator.

While it's wonderful that investors have access to all the data now available to them, it has become a full-time job to sift through it and separate out the valuable news from the useless noise.

I judge property myself by its net earning power; that is the only rule I have been able to get.... This whole island [Manhattan] was once bought for a few strings of beads. But now you will find this property valued by its earning power, by its rent power, and that is the way to value a railroad or telegraph.

You're looking for a mispriced gamble. That's what investing is. And you have to know enough to know whether the gamble is mispriced. That's value investing.