Stock Market Risk Quotes

The people who are buying stocks because they're going up and they don't know what they do deserve to lose money.

Index funds eliminate the risks of individual stocks, market sectors, and manager selection. Only stock market risk remains.

You pay a very high price in the stock market for a cheery consensus.

As you know President Bush has been traveling around the country trying to sell his new Social Security plan. He wants to take our retirement money and invest it in the stock market. He says nothing can go wrong. I'll mention that to Martha Stewart the next time I see her.

However, if one has been playing the buy-and-hold game with quality securities, one has been exposed to a substantial amount of market risk because the valuations placed on these securities have implied overly rosy scenarios prone to popular revision in times of more realistic expectation. This is one of those times, but it is my feeling that the revisions have not been severe enough, the expectations not yet realistic enough. Hence, the world's best companies largely remain overpriced in the marketplace.

We really haven't had very much experience with people funding their retirement out of the stock market, and we don't know, frankly, how it would work under every scenario.

The future is never clear; you pay a very high price in the stock market for a cheery consensus. Uncertainty actually is the friend of the buyer of long-term values.

It's dangerous to short stocks.