A Quote by Janusz Korczak
Children, being small and weak, have little market value.
Related Quotes
We are but little children weak Nor born in any high estate. . . . . There's not a child so small and weak But has his little cross to take, His little work of love and praise That he may do for Jesus' sake.
Market value is irrelevant to intrinsic value. ... Unqualified judgment can at most claim to decide the market-value - a value that can be in inverse proportion to the intrinsic value.
We've long felt that the only value of stock forecasters is to make fortune tellers look good. Even now, Charlie and I continue to believe that short-term market forecasts are poison and should be kept locked up in a safe place, away from children and also from grown-ups who behave in the market like children.
I don't believe all this nonsense about market timing. Just buy good value and when the market is ready that value will be recognized.
The latest trade of a security creates a dangerous illusion that its market price approximates its true value. This mirage is especially dangerous during periods of market exuberance. The concept of "private market value" as an anchor to the proper valuation of a business can also be greatly skewed during ebullient times and should always be considered with a healthy degree of skepticism.
The U. S. trade deficit with China shows that while we value the potential of their market, they value the reality of our market. It is in this area that we should use our leverage.
In a rising market, everyone makes money and a value philosophy is unnecessary. But because there is no certain way to predict what the market will do, one must follow a value philosophy at all times.
Weak desires bring weak results, just as a small amount of fire brings a small amount of heat.
Market prices for stocks fluctuate at great amplitudes around intrinsic value but, over the long term, intrinsic value is virtually always reflected at some point in market price.
There’s a virtuous cycle when people have to defend challenges to their ideas. Any gaps in thinking or analysis become clear pretty quickly when smart people ask good, logical questions. You can’t be a good value investor without being an independent thinker – you’re seeing valuations that the market is not appreciating. But it’s critical that you understand why the market isn’t seeing the value you do. The back and forth that goes on in the investment process helps you get at that.
For value investors, General Motors is a tempting target. The company's share of the North American auto market has steadily declined for two decades, and analysts say the company suffers from weak management and unexciting cars.
Keep this constantly in mind. Weak desires bring weak results, just as a small amount of fire makes a small amount of heat. When your desires are strong enough you will appear to possess superhuman powers to achieve.
I have never had illusions about the value of my individual contribution! I realized early that what a man or a woman does is built on what those who have gone before have done, that its real value depends on making the matter in hand a little clearer, a little sounder for those who come after. Nobody begins or ends anything. Each person is a link, weak or strong, in an endless chain. One of our gravest mistakes is persuading ourselves that nobody has passed this way before.
Value in relation to price, not price alone, must determine your investment decisions. If you look to Mr Market as a creator of investment opportunities (where price departs from underlying value), you have the makings of a value investor. If you insist on looking to Mr Market for investment guidance however, you are probably best advised to hire someone else to manage your money.
There is a struggle inside you between these two parts. It's as if at times your heart becomes a battlefield! The secret part, full of light, seems so small and weak in the face of the discouraging and morbid part, which seems enormous and overwhelming. However, if you light a small candle in a dark room, everything is lit up. It is a matter of trusting in this little light in the deepest part of your being which can gradually chase away the darkness.
Value investing is predicated on the efficient market hypothesis being wrong.
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