A Quote by Rene Rivkin
When buying shares, ask yourself, would you buy the whole company?
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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.
If you ask me what I think people should be getting next season, I’ll tell you what I’d like them to buy—nothing. I’d like people to stop buying and buying and buying.
When I received the Nobel Prize, the only big lump sum of money I have ever seen, I had to do something with it. The easiest way to drop this hot potato was to invest it, to buy shares. I knew that World War II was coming and I was afraid that if I had shares which rise in case of war, I would wish for war. So I asked my agent to buy shares which go down in the event of war. This he did. I lost my money and saved my soul.
Probably when I gave things to Slavica [ Ecclestone], you know the shares of the company, and things like that. And she put it all in trust and the trust sold the shares. Um, would I turn the clock back if I could and so I still owned the company completely? Probably yes. It probably wasn't a good decision, but it was the decision that had to be made. Was I happy that I made it? No.
I used to go salmon fishing with the late Jim Slater, the renowned investor, and he would give me tips. He told me to buy shares in football clubs, so I invested in Manchester United before its shares went through the roof.
When a man talks with absolute sincerity and freedom he goes on a voyage of discovery. The whole company has shares in the enterprise.
When there is some fear about accounting and growth and the economy, food stocks are a decent place to be, ... This company has been through a bit of a restructuring the last couple of years. Management is doing a great job. The company is improving and people are buying chocolate. So, what a great week to buy it.
If I taught a class, on my final exam I would take an Internet company and ask, 'How much is this company worth?' Anyone who would answer, I would flunk.
When I'm buying car insurance I ask myself, 'Which company has the most annoying and relentless commercials?'
Buy less. Choose well. Make it last. Quality, not quantity. Everybody’s buying far too many clothesI mean, I know I’m lucky, I can just take things and borrow them and I’m just okay, but I hate having too many clothes. And I think that poor people should be even more careful. It doesn't mean therefore you have to just buy anything cheap. Instead of buying six things, buy one thing that you really like. Don't keep buying just for the sake of it.
When you look at a company like Amazon, one of the reasons that Amazon is one of the most powerful companies in the world is because we want to buy cheap stuff. If Donald Trump were to change trade laws, we couldn't buy the cheap stuff or in our Wal-Marts, they would cost a whole lot more.
I was left £50 when I was ten by a fairly distant cousin, which my father invested in GEC shares on my behalf. I became interested in the market and was given some more shares by my father, which is when I began looking to see how the shares were performing and learning how to read company reports, balance sheets, and so on in order to gauge that.
You know, I'm behind my company. My company has been a big part of my life. And it's not that I been buying a company or that my father bought a company and tried to do something out of it. You know, it's not the same thing. It's my name, it's my company, it's my signature.
You need to ask yourself, ‘Where do you want to work: startups, mid-size or large companies?’ If you find yourself debating the ‘startup versus large company’ choice you’ve already chosen the big company. Entrepreneurship isn’t a career choice it’s a passion and obsession.
Look, don't congratulate us when we buy a company, congratulate us when we sell it. Because any fool can overpay and buy a company, as long as money will last to buy it.
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.
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