A Quote by John Templeton
Outperforming the majority of investors requires doing what they are not doing. Buying when others have despaired, and selling when they are full of hope, takes fortitude.
Related Quotes
To buy when others are despondently selling and sell when others are greedily buying requires the greatest fortitude and pays the greatest reward.
With a profession such as investing, people see the 'doing' as the buying and selling. It is difficult to come home from work, and answer your spouse's question, 'what did you do today?' with 'well, I read a lot, and I talked a little.' If you're not buying or selling, you may feel you aren't doing anything.
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.
Playing in a band, selling records through mail order, and selling clothes - these are all things I love doing. If that can please others, then I couldn't be happier.
Many investors make the mistake of buying high and selling low while the exact opposite is the right strategy.
If you go to a venture firm, what you're doing is you're buying money from them in exchange for equity. They have a commodity that they're selling and they have to differentiate themselves.
There is a natural tendency for investors to devote a significant majority of their time to finding new ideas. After all, uncovering great companies selling at great prices is the lifeblood of successful investing. But in the never-ending quest for the next great idea, investors often give short shrift to their existing investments.
I know a lot of people who are 12 and doing things they shouldnt be doing. Whether youre an actress or a singer, its always the sexier ones that are selling more tickets or selling more albums.
Many investors make the mistake of buying high and selling low while the exact opposite is the right strategy to outperform over the long term.
Doing nothing for others is the undoing of one's self. We must be purposely kind and generous, or we miss the best part of existence. The heart that goes out of itself, gets large and full of joy. This is the great secret of the inner life. We do ourselves the most good doing something for others.
I blame all the craziness of people buying houses, re-doing them and selling them, on these programs on television where they are redoing your homes and kitchens.
There are substantial rewards for adopting a regular routine of investing and following it no matter what, and additional rewards for buying more shares when most investors are scared into selling.
SM is an art. Doing it well requires more than a bag full of expensive whips and exotic electrical toys, a closet full of fetish clothes, or a basement filled with bondage furniture.
I love Michael Bay movies. I don't think I'd be selling out if I did one. I happen to like his movies. I think selling out is doing something you don't believe in, and you're doing it for a selfish purpose.
Individual investors have become far more powerful than anyone gives them credit for. Today, 85 million Americans invest in stocks. Collectively, that kind of buying and selling power can move markets.
I've heard some people say that I'm selling out, but I'm not. If I hadn't done 'Black Radio', and just kept on doing just piano trio stuff, I wouldn't be honest with myself; I'd be doing it to please other people. That would be selling out.
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