
“He who buys what he needs not, sells what he needs.”
Pt. II, Lib. III, Ch. III.
Guzmán de Alfarache (1599-1604)
Introductio ad prudentiam: Part II (1727), Gnomologia (1732)
“He who buys what he needs not, sells what he needs.”
Pt. II, Lib. III, Ch. III.
Guzmán de Alfarache (1599-1604)
“I sell my time to get enough money to buy it back.”
#151
Vectors: Aphorisms and Ten Second Essays (2001)
“386. The buyer needes a hundred eyes, the seller not one.”
Jacula Prudentum (1651)
The Rubaiyat (1120)
[Andy Rooney, w:Andy Rooney, 9, Twofers, Years of Minutes, 2003, PublicAffairs, 978-1586482114]
“The intelligent investor is a realist who sells to optimists and buys from pessimists.”
Source: The Intelligent Investor: The Classic Text on Value Investing (1949), Chapter II, The Investor and Stock-Market Fluctuations, p. 31
Context: Why could the typical investor expect any better success in trying to buy at low levels and sell at high levels than in trying to forecast what the market is going to do? Because if he does the former he acts only after the market has moved down into buying levels or up into selling levels. His role is not that of a prophet but of a businessman seizing clearly evident investment opportunities. He is not trying to be smarter than his fellow investors but simply trying to be less irrational than the mass of speculators who insist on buying after the market advances and selling after it goes down. If the market persists in behaving foolishly, all he seems to need is ordinary common sense in order to exploit its foolishness.
“I told him that his profit is made when you buy, not when you sell.”
Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not!
“Young cat! If you keep
Your eyes open enough,
Oh, the stuff you will learn!
The most wonderful stuff!”
I Can Read With My Eyes Shut! (1978)