A Quote by Kenneth Fisher
Buy into good, well-researched companies and then wait. Let's call it a sit-on-your-hands investment strategy.
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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.
I first had money for investment just at the time of the 2008 crisis and shares have been highly volatile since then. So I do have shares in my pension but I have tended to invest in specific projects that include property and private companies that have been very well researched by my advisers.
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.
The thing I hated about it was that you live in your trailer all the time and then they call you and you do maybe two dozen lines. Then they do that for three hours and you wait and wait and wait, and I don't like waiting.
These results add up to perhaps the most important investment lesson of all that can be drawn from this week's market anniversaries: Predicting turns in the market is incredibly difficult to do consistently well. That means that, if your investment strategy going forward is dependent on your anticipating major market turning points, your chances of success are extremely low.
I know about investment. It's really obvious - you buy property, let it sit for a couple of years and then sell it and reinvest.
I've had people say to me, "Well, how do I start collecting artworks?" Well, you start by buying. Buy what you like, buy what you can afford - and I'm not just saying that because I'm a dealer. You can't be so paralyzed to where you keep saying, "I've got to learn more." The best way to learn is to go home and actually put something on the wall. Then you've got an investment. Then you're living with it. Then you're in the game.
Wait on God and He will work, but don't wait in spiritual sulks because you cannot see an inch in front of you! Are we detached enough from our spiritual hysterics to wait on God? To wait is not to sit with folded hands, but to learn to do what we are told.
I got an album concept called 'Exit Strategy,' that might be one of my last ones. It's a term they use in business when you build companies. You create an exit strategy as you make a company. You don't wait till you're five years in it; you create a exit strategy as you make the company.
Call-time has renewed my faith in the need for public financing of elections. 'Call-time' is where I as the candidate, sit in a room with my 'call-time manager,' and a phone. Then I call people and ask them for money. For hours. Apparently, I'm really good at it.
Call-time has renewed my faith in the need for public financing of elections. Call-time is where I as the candidate, sit in a room with my “call-time manager,” and a phone. Then I call people and ask them for money. For hours. Apparently, I’m really good at it.
If you think too-big-to-fail banks are not worthy of investment because of their impossible-to-read balance sheets, well then, don't buy them.
I think the worst professional advice I received was this kind of unspoken message of "sit back and wait your turn," or "sit back and wait and let other people do things."
Mere physical sitting is not enough. You have to sit carefully and attentively. Let your body and breathing sit. Let your mind and emotions sit. Let your blood circulation sit. Let everything sit. Then your sitting becomes indestructible, immovable.
When the masters of industry pay such sums for a newspaper, they buy not merely the building and the presses and the name; they buy what they call the "good-will"- that is, they buy you. And they proceed to change your whole psychology - everything that you believe about life. You might object to it, if you knew; but they do their work so subtly that you never guess what is happening to you!
The concept of national treatment is a core component of investment and trade agreements. It promotes valuable competition on a level playing field. Investment treaties should not turn this idea on its head, giving privileges to foreign companies that are not available to domestic companies.
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