A Quote by Richard Thaler
Investors must keep in mind that there's a difference between a good company and a good stock. After all, you can buy a good car but pay too much for it.
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Banks and investors don't usually view a high-ranking executive in the company selling off massive amounts of stock as a good thing.
The difference between the price we pay for a stock and its liquidation value gives us a margin of safety. This kind of investing is one of the most effective ways of achieving good long term results.
One of the ironies of the stock market is the emphasis on activity. Brokers, using terms such as 'marketability' and 'liquidity,' sing the praises of companies with high share turnover... but investors should understand that what is good for the croupier is not good for the customer. A hyperactive stock market is the pick pocket of enterprise.
If you have information that a company is not as good as its stock market valuation, you don't have a way to sell that stock unless you already own it. And so that information doesn't get incorporated in the company's stock price as fast if you don't allow short selling.
Yeah, our car was really good even after the crash. I told you before the race that if we had good track position at the end I thought we could finish good. It was a really good day for our Linksys car. Just a fun day racing.
In December 2005 I had a very good opportunity to test Renault's world championship-winning car at Barcelona, and after 30 laps I was setting really good times, so I know what it's like to drive a really good car.
I'm a guy who likes to keep fighting five, six times a year, so if I ask for too much money, they might say, 'Well, we pay you too much. We can't let you keep jumping backwards and forwards and promote it.' The money I'm making is good to keep grabbing short-notice fights. I love them; they're my favorite ones.
Although there are good and bad companies, there is no such thing as a good stock; there are only good stock prices, which come and go.
Of course, there is no denying that I, too, have made mistakes, intentionally and unintentionally, but the good part is that now I know the difference between good and bad.
Keep good company, read good books, love good things and cultivate soul and body as faithfully as you can
Those who decide to use leisure as a means of mental development, who love good music, good books, good pictures, good plays, good company, good conversation - what are they? They are the happiest people in the world.
Too many companies these days can't tell the difference between good profits and bad.... By now you're probably wondering how in heaven's name profit, that holy grail of the business enterprise, can ever be bad. Short of outright fraud, isn't one dollar of earnings as good as another? Certainly, accountants can't tell the difference between good and bad profits. They all look the same on an income statement. While bad profits don't show up on the books, they are easy to recognize. They're profits earned at the expense of customer relationships.
People will buy a good electrical car instead of buying a fossil-fuel one, and you get a much better standard of car.
I always say that in investing you want to buy stock in a company that has a business that's so good that an idiot can run it, because sooner or later one will. We have a country like that.
Of course, we all need to have basic necessities met, such as good health care, good food, good education and good housing. But what is good? Having too much is bad, as having too little is also bad.
In our worship of certainty we must distinguish between the sound certainty and the sham, between what is gold and what is tinsel; and then, when certainty is attained, we must remember that it is not the only good; that we can buy it at too high a price; that there is danger in perpetual quiescence as well as in perpetual motion; and that a compromise must be found in a principle of growth.
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