Davis Funds put together a short report with some of the best value investing quotes (see previous new quotes we posted earlier today). Below are some good nuggets the full report can be found here.
While on a successful, long-term investment journey many time-tested investment principles are learned through experience. Featured here, are some of the best investment minds in the country offering their wisdom and insights on the timeless issues confronting all investors.
“To become a successful investor, you must be committed to the concept that investing in equities is a proven way to build wealth over generations.”
GrizzlyRock Value Partners was up 16.6% for the first quarter, compared to the S&P 500's 5.77% gain and the Russell 2000's 12.44% return. GrizzlyRock's long return was 22.3% gross, while its short return was -2.9% gross. Compared to the Russell 2000, the fund's long portfolio delivered alpha of 10.8%, while its short portfolio delivered alpha Read More
Christopher C. Davis
“Far more money has been lost by investors preparing for corrections or trying to anticipate corrections than has been lost in corrections themselves.”
“Great companies bought at great prices should be like great friends—you do not drop them precipitously.”
“Investors should purchase stocks like they purchase groceries—not like they purchase perfume…”
“Your success in investing will depend in part on your character and guts, and in part on your ability to realize at the height of ebullience and the depth of despair alike that this too shall pass.”
“During 50 years of value investing on Wall Street, our family has never bought a business that we did not think was growing.”
Christopher C. Davis
“Nobody can predict interest rates, the future direction of the economy or the stock market. Dismiss all such forecasts and concentrate on what is actually happening to the companies in which you’ve invested.”
“Our goal is to find an outstanding business at a sensible price, not a mediocre business at a bargain price.”