A Quote by Charlie Munger

If you buy something because it's undervalued, then you have to think about selling it when it approaches your calculation of its intrinsic value. That's hard. But if you buy a few great companies, then you can sit on your ass. That's a good thing.

Charlie Munger

Quote Topics

About Approaches Ass Because Buy Calculation Companies Few Good Good Thing Great Hard Intrinsic Intrinsic Value Selling Sit Something Then Thing Think Undervalued Value Your

Quote Author

Charlie Munger
American - Businessman
Born: January 1, 1924

Investing is where you find a few great companies and then sit on your ass.

Charlie Munger

Buy into good, well-researched companies and then wait. Let's call it a sit-on-your-hands investment strategy.

Kenneth Fisher

Gold has intrinsic value. The problem with the dollar is it has no intrinsic value. And if the Federal Reserve is going to spend trillions of them to buy up all these bad mortgages and all other kinds of bad debt, the dollar is going to lose all of its value. Gold will store its value, and you'll always be able to buy more food with your gold.

Peter Schiff

I always buy something to make myself motivated. It's good to feel that you can buy something and motivate yourself. That's what I do, just buy stuff. I like to buy something new and then record.

Kool Keith

Venture capitalists buy minority positions in young companies they think will grow quickly; buy-out investors buy most or all of companies they think can be turned around by fixing a few basic things.

Jose Ferreira

With that availability of cash coming in to your restaurant, get a chance when you buy your restaurant, pay it off first and then buy your property. At that point, it's because you own it. Everybody runs it, and if it doesn't work, then you're not going to be out of a bunch of money.

Jim Treliving

We like to buy stocks which we feel are undervalued and then we have to have the guts to buy more when they go down.

Walter Schloss

In essence, the stock market represents three separate categories of business. They are, adjusted for inflation, those with shrinking intrinsic value, those with approximately stable intrinsic value, and those with steadily growing intrinsic value. The preference, always, would be to buy a long-term franchise at a substantial discount from growing intrinsic value.

Michael Burry

By using general consumption PPPs, the World Bank is, in effect, saying to the poor: "Sure, you cannot buy as much food as the dollar value we attribute to your income would buy in the United States. But then you can buy much more by way of services than you could buy with this PPP equivalent in the United States." But what consolation is this? The poor do not buy services - they are services, on their luckier days.

Thomas Pogge

I think when you start talking about selling a company or a company wants to buy you, then you start thinking about how much money you're going to have. That's insidious because it saps your will to continue.

Justin Kan

Don't feel you have to buy something to sit in or at. Buy something you are emotionally attached to and build your design around that. One Matisse cutout poster could provide you with your whole color scheme!

Alexandra Stoddard

I still believe in putting something out and not asking people to buy the record, then buy a ticket to my show and then buy a t-shirt and then a, like, copy of the show they just saw on CD. That's undignified to me.

David Berman

Companies are bought not sold, an investment banker told me that once and it is very true. Basically what it means is you can't control selling your company, you can only sell it if somebody wants to buy it, and you need someone to want to buy it.

Justin Kan

Allowing short selling is allowing people to sell - instead of having to buy the stock and then sell it, which doesn't do much; allow them to sell it, and then buy it. In which case they can express that information and the idea is that you would get more accurate valuation of companies by letting people express both their positive information and their negative information through either long or short selling.

Robert F. Engle

The wisest rule in investment is: when others are selling, buy. When others are buying, sell. Usually, of course, we do the opposite. When everyone else is buying, we assume they know something we don't, so we buy. Then people start selling, panic sets in, and we sell too.