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For Father’s Day, 4 Quotes from Famous Investing Dads

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These days, some fathers are known for their bad jokes, but with those bad jokes also comes a lot of sage advice.

Thus, for every dad joke like this — How do dinosaurs pay their bills? Tyrannosaurus checks — there are pearls of wisdom on just about everything, including investing.

With Father’s Day coming up in the U.S. this weekend, we thought it would be appropriate to feature a few quotes on investing from some noted investing dads.  

“You make most of your money in a bear market; you just don’t realize it at the time.” — Shelby Cullom Davis

Shelby Cullom Davis was a reputed investor and a former ambassador to Switzerland who founded Shelby Cullom Davis and Co. in 1947. His son, Shelby M.C. Davis, founded Davis Selected Advisors, and now his grandson, Christopher Davis, runs Davis Advisors and the Davis family of funds and exchange-traded funds (ETFs).

While bear markets can be painful at the time, they are generally the best time to buy great companies. Just look at the 2022 bear market.

For example, Meta Platforms (NASDAQ:META) dropped below $90 per share in November 2022. Investors who bought the stock then have seen the share price skyrocket 465% to $503 per share.

“It’s not how much money you make that matters; it’s how much money you keep.” — Robert Kiyosaki, author of Rich Dad, Poor Dad

Kiyosaki wrote one of the most influential personal finance books of all-time. Rich Dad, Poor Dad has sold some 40 million copies since it was published in 1997.

This quote speaks to the importance of being a disciplined saver, no matter how much money you make. We prioritize paying our bills and household expenses, but often, we don’t prioritize paying ourselves.

However, Kiyosaki noted that what’s important is actually what you keep, and that is about saving and investing.

Make a point to pay yourself first, whether that is through a 401(k) and getting the full company match or setting aside $50 every month to invest in an IRA, ETF or stocks. That $50 per month will make money and compound over time, working for you instead of you working for it.

“Knowing what you don’t know is more useful than being brilliant.” –- Charlie Munger, long-time vice chairman at Berkshire Hathaway

Munger, who died last November at age 99, was a fount of wisdom and colorful quips about life and investing, much like his partner, Warren Buffett. He even wrote a book about it in 2005: Poor Charlie’s Almanack: The Wit and Wisdom of Charles T. Munger.

Here, Munger touches on two important points about investing. First, don’t follow trends or invest in stocks that you don’t understand because it could end up hurting you in the long run.

Second, you should do your own research and try to understand the companies you invest in and why they are good investments.

Munger, a father of six, was an avid reader.

In fact, he once said: “In my whole life, I have known no wise people … who didn’t read all the time. … You’d be amazed at how much Warren reads, at how much I read. My children laugh at me. They think I’m a book with a couple of legs sticking out.”

“We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.” –- Warren Buffett, chairman and CEO of Berkshire Hathaway

No list of investing quotes would be complete without Warren Buffett, who is known as one of the world’s greatest investors — and a father of three.

This is an oft-quoted quip from Buffett, but it really gets to the heart of what it takes to being a good investor. When stocks are rising significantly, it means investors are piling in, trying to ride the wave.

However, investors need to make sure the surge in price is sustainable based on the company’s earnings, management and fundamentals. If not, they will probably fall back to where they should be.  

On the other hand, when stocks or markets are tanking, this is the time to be greedy and look for stocks that are trading well below where they should be based on their earnings history, fundamentals, market share and other factors.

When all or most stocks are plummeting in tandem, some of them may have been sold out of fear in a down market — without regard to their underlying strengths.

Hopefully these dad quotes provide some helpful insights into investing, and if not, there’s always dad jokes.

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