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BG
Barrett Gardener
@justbarrett · Jun 17

Save and remember!

"Investing in knowledge pays the best returns." - Benjamin Franklin

"I'll tell you how to get rich. Close the door. Be afraid when others are greedy. Be greedy when others are afraid." - Warren Buffett

"It's not whether you're right or wrong, it's how much money you make when you're right and how much you lose when you're wrong." - George Soros

"If you have a 10% chance of winning a hundredfold, you should take that bet every time." - Jeff Bezos

"Don't look for a needle in a haystack. Just buy a haystack!" - John Bogle

"The stock market is full of people who know the price of everything but the value of nothing." - Phillip Fisher

"How many millionaires do you know who got rich by investing in savings accounts?" - Robert G. Allen

"We don't predict macroeconomic factors; we look at our companies from the bottom up in terms of their long-term prospects for return." - Mellody Hobson

"The individual investor should behave consistently as an investor, not as a speculator." - Ben Graham

Investing regularly in quality companies is the key to success, "Market timing always beats market timing!" - Adam Pustowka 😉

Have a great Saturday everyone!

RR
Rickie Reeve @rickiereeve Jun 18

I like the Jeff Bezos one. You just gotta take risks sometimes.

BG
Barrett Gardener @justbarrett Jun 18

Yeah, that sounds great to me too!

RS
Ry Small @rysmall Jun 18

Sign up and mandatory!

BG
Barrett Gardener @justbarrett Jun 18

That's right!

VC
Van Cannon @vancannon Jun 18

Nice, some I know, some I don't. I think it's great.

BG
Barrett Gardener @justbarrett Jun 18

Well, at least you might have learned something new. :)

BC
Bill Combs @billcombs Jun 18

Great, thanks for the review. Some statements I already knew, but some I'm reading for the first time.

AA
Ashraf Aboudar @ashraf_dd Jun 18

Thank you, too. Repetition is the mother of wisdom.

MP
Mart Poom @martpoom Jun 17

This will probably be a bit controversial, but I don't think "investing in education" is the most important thing today. The important thing is to invest as soon as possible and I can get an education for free or for a few pennies on the internet.

BG
Barrett Gardener @justbarrett Jun 17

So here I have to contradict you a bit, why should I as an average citizen invest if I don't even know which beats? If I have to start as soon as possible I'll go, the next day I'll buy the first company I can think of that I like, and what if it's $SNAP? Which I wrote a few words about yesterday. And I'm 88% in the red. If I'm lucky enough to buy at the highs, which I usually do, because new investors come in on the days of the biggest BOOM. Out of my theoretically invested 100,000, I have 12,000 just because I couldn't calculate the intrinsic value of a stock and didn't know, for example, that stock picking is not suitable for a beginner and I should have bought something in the form of an ETF instead. True, today I can educate myself for free on the Internet, but if I should invest a few of those crowns in a few books to read at the beginning of my investment career, I will definitely do better than to stick to the motto the sooner the better.