A Quote by Michael Burry
I try to buy shares of unpopular companies when they look like road kill and sell them when they've been polished up a bit.
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Corporate executives often buy or sell shares in their companies, and stocks rarely rise or fall significantly when those transactions are reported.
Each year we buy stocks and they go up, we sell them and then we try to buy something cheaper.
Don't try to buy art as an investment. Buy something you really love because you're going to have to look at it again tomorrow. And an investment can go up or down. Buy something you really adore, you really like, and you want to live with. And if you decide some years later you don't want to live with it anymore, sell it. Get out.
What makes stocks valuable in the long run isn't the market. It's the profitability of the shares in the companies you own. As corporate profits increase, corporations become more valuable and sooner or later, their shares will sell for a higher price.
A lot of share-buying, not bargain-seeking, is designed to prop stock prices up. Thirty to 40 years ago, it was very profitable to look at companies that were aggressively buying their own shares. They were motivated simply to buy below what it was worth.
I would have people send me shoes and I had 40 pairs and none would fit in the dorm room. People would come by and be like, "Yo, I've been looking for these shoes." I was like, "I'll sell them to you for $300 right now." I'd sell them, save up $4,000 to $5,000, go to the mall and just buy a bunch of new stuff.
I look at John Lee Hooker and Muddy Waters, guys who had a fantastic longevity, and I learned something from them. They didn't try to sell records. They weren't saying, 'Ok, what can I write, what can I do in the studio that will sell?' They were just doing their thing, and people picked up on it. I like the idea of that.
Americans wouldn't do that [cashing out the same day]. Then they would be in the great old thing we used to call the marketplace. You know, we have hundreds of millions of stock shares floating every day. People buy them and sell them and trade them.
Usually God favours the people who try to do good. So, when you find that the crowd is desperately trying to sell, help them and buy. When you find that the crowd is overenthusiastically trying to buy, help them and sell. It usually works out.
We will also allow state companies to sell shares to their workers and will pass a law allowing citizens to start companies of their own with no limits on the number of employees or on the firm's output.
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.
People are not like a business. You can’t buy and sell them like so much property. You can’t lock them up in a vault and expect them to appreciate it.
For decades, Wall Street has charged companies a standard fee of 7 percent to sell their shares to the public.
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.
Oh, I'll buy fourteen dresses and build a road and name it after myself and try one of everything at Palsson's." Though I don't quite look up, I can still feel his gaze on me. It's a heavy thing, this look of his. He says," What's the real answer?
The recording companies are continuing to look at ways to buy short and sell long. So now they give recording deals to groups of people who we refer to as 'garage bands' - they are amateurs who are bought for nothing and it's really a shame.
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