Andy Kessler Quotes (24 quotes) | Quotes of famous people

Andy Kessler: 24 quotes 0 likes

Famous Andy Kessler Quotes

“Economists may insist we are running a trade deficit, but in reality, we are running a margin surplus.”

Andy Kessler

Part VII, The Margin Surplus, Why It's Imperative to Drive a Beemer, p. 275 (See also:Robert Kuttner).
Running Money (2004) First Edition

“High elasticity means that unit output goes up more than prices went down, so you get a growth business.”

Andy Kessler

Part II, Revolution, Meeting Mr. Zed, p. 42.
Running Money (2004) First Edition

“Cheap power helped create a new market that didn't exist previously.”

Andy Kessler

Part II, Revolution, Pressure Drop, p. 66.
Running Money (2004) First Edition

“But I was confused. Here we were scrambling around looking under rocks for great long-term investments, and every other hedge fund, or so it seemed, was doing some funny hedge of cheap yen money and T-bills. That's investing?”

Andy Kessler

Part IV, Intellectual Property, The Yen-Scary Trade, p. 165.
Running Money (2004) First Edition

“You can't ever forget how precarious and humbling running money really is.”

Andy Kessler

Ssangyong Sweat, p. 1.
Running Money (2004) First Edition

“You invest in companies with great long-term prospects.”

Andy Kessler

Part I, Raising Funds, H & Screw Conference, p. 21.
Running Money (2004) First Edition

Andy Kessler Quotes about thinking

“Think about it- the King James Bible took religion out of the hands of the high priests and put it in to the hands of the people. An entire generation became literate just to be able to read the King James version of the Bible.”

Andy Kessler

Part IV, Intellectual Property, The Augmenter, p. 122.
Running Money (2004) First Edition

“I think what I learned is that wealth comes not just from taking risk but from constantly taking risks.”

Andy Kessler

Part VII, The Margin Surplus, What Is Wealth?, p. 233.
Running Money (2004) First Edition

“When you think long-term, the edge is really investing because others can't know.”

Andy Kessler

Part I, Raising Funds, Hedgies, p. 27.
Running Money (2004) First Edition

“The stock of the greatest company in the world is crap if every investor already thinks it is the greatest company in the world.”

Andy Kessler

Part VI, Burst, Morgan Stanley Tech Conference 2001, p. 229.
Running Money (2004) First Edition

Andy Kessler Quotes

“By the way, I love paradoxes. They usually mean someone doesn't understand what's really going on and you can invest in things other people "can't know." I start salivating when I hear that word paradox.”

Andy Kessler

Part VII, The Margin Surplus, Wealth How?, p. 259.
Running Money (2004) First Edition

“You've got to have real conviction to step up”

Andy Kessler

Part III, Searching For Scale, Four-Door Office, p. 105.
Running Money (2004) First Edition
Context: A product lowers the cost of doing something and eventually, customers will figure this out and buy the stuff in big volume, but they're not going to buy yet. You've got to have real conviction to step up and own this kind of company-you're staring over the edge of the waterfall, not sure when the growth is going to start.

“Never invest in a company with the target price for the stock in the name of the company.”

Andy Kessler

Part V, The Next Barrier, Fleece Bank Internet Conference 1999, p. 177.
Running Money (2004) First Edition
Context: I've been doing this for years. Never invest in a company with the target price for the stock in the name of the company.

“It was investing when you know something no one else knows.”

Andy Kessler

Part II, Revolution, Object Lesson, p. 63.
Running Money (2004) First Edition
Context: But someone knew and made a killing. It was investing when you know something no one else knows.