Quotes about investor
page 2

“Competitors punch you in the jaw, but investors have you by the balls.”

Paul Graham (1964) English programmer, venture capitalist, and essayist

"How to Fund a Startup" http://www.paulgraham.com/startupfunding.html, November 2005

“The intention of the US found its feature through a clear formulation in the Agreement for the IBRD. The “purposes of the Bank” were defined as follows: “To promote private foreign investment by means of guarantees or participations in loans and other investments made by private investors; and when private capital is not available on reasonable terms, to supplement private investments by providing, on suitable conditions, finance for productive purposes out of its own capital, funds raised by it and its other resources””

Nico Perrone (1935) Italian historian and writer

Source: The international economy from a political to an authoritative drive, p. 130

“It (a multi-party cabinet) will waste a lot of public funds, and make up for a weak and unstable Government through internal bickering, and brinkmanship that could see shifting alliance in Government, rising and falling coalition that will undermine the stability of Government. This will have adverse effects on the levels of confidence in the country which certainly will manifest itself in many forms including declining investor confidence and lowering the morale of the citizenry at large.”

Manasa Tugia Fijian politician

Parliamentary speech, 5 August 2003

Confidence, Country

“I went there and of course we invited the investors to come to India. So this is one of the companies to come to India {Ashok Kheny). He only signed Kheny MOU as a witness with bureaucrats to work out the details.”

H. D. Deve Gowda (1933) Indian politician

In the early nineties, he, who likes being called mannina maga (son of the soil), was persuaded by the then Prime Minister P. V. Narasimha Rao to attend the World Economic Forum, in Devos. According to Deve Gowda Rao wanted a non-Congress non-BJP chief minister to attend as a representative to encourage foreign investment. In 1996, a year after the MOU was signed, he became the PM of India for 10 months, heading a coalition of regional parties. <br class="br">Source: The Newsmakers http://books.google.co.in/books?id=csVfAwAAQBAJ&pg=PT49, Random House India, 22 April 2014, p. 94

“Yes, the investor is often his own worst enemy. Yes, the marketing colossus known as the mutual fund industry provides the weaponry which enables investors’ to indulge their suicidal instincts. No, the fund industry was hardly an innocent bystander in the market boom and the subsequent carnage. "We have met the enemy and he is us"… all of us.”

John Bogle (1929–2019)

Speech to Financial Analysts of Philadelphia, February 15, 2001 ( http://www.vanguard.com/bogle_site/sp20010215.html)

Suicide

“With joint-stock corporations, investors can place bets on the success of many different companies, without having to play a central management role in any one of them. This allows investors to diversify their financial holdings. It also allows them to capture profits on their investments, without having to get involved in the dirty, troublesome business of actually running a company.”

Jim Stanford (1961) Canadian economist

Part 2, Chapter 7, Companies, Owners, and Profit, p. 91
Economics For Everyone (2008)

Business, Success

“The strategy we've adopted precludes our following standard diversification dogma. Many pundits would therefore say the strategy must be riskier than that employed by more conventional investors. We disagree. We believe that a policy of portfolio concentration may well decrease risk if it raises, as it should, both the intensity with which an investor thinks about a business and the comfort-level he must feel with its economic characteristics before buying into it. In stating this opinion, we define risk, using dictionary terms, as "the possibility of loss or injury."”

Warren Buffett (1930) American business magnate, investor, and philanthropist

1993 Chairman's Letter http://www.berkshirehathaway.com/letters/1993.html <br class="br">Letters to Shareholders (1957 - 2012)

Feeling, Business, Thinking, Loss

“The courage to press on regardless—regardless of whether we face calm seas or rough seas, and especially when the market storms howl around us—is the quintessential attribute of the successful investor.”

John Bogle (1929–2019)

Speech at the Trinity University Policymaker Breakfast Series, April 16, 2001 ( http://www.vanguard.com/bogle_site/sp20010416.html)

Courage, Success, Sea

“I would suggest to my honourable Friend that the foreign investor is at least as discouraged by high national debt for that, as all example shows, is the surest precursor of high taxation.”

John James Cowperthwaite (1915–2006) British colonial administrator

March 24, 1966, page 213.
Official Report of Proceedings of the Hong Kong Legislative Council

“The same basic ingredients are found repeatably: fueled by initially well founded economic fundamentals, investors develop a self-fulfilling enthusiasm by an imitative process or crowd behavior that leads to an unsustainable accelerating overvaluation.”

Didier Sornette (1957) French scientist

Source: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 7, Autopsy Of Major Crashes, p. 272.

Behavior

“While it must be admitted that the class of rich absentee owners or investors would doubtless be far less interested in industry if the profit motive were eliminated or subordinated, they represent the group that makes the smallest actual contribution to efficiency in industry.”

Kirby Page (1890–1957) American clergyman

Property (1935)

Motivation

“Beating the market is a zero-sum game for investors. Money managers, as a group, must provide the market return… But that return comes only before their exorbitant fees, operating expenses, and portfolio turnover costs are deducted. The zero-sum game before costs becomes a loser’s game after costs.”

John Bogle (1929–2019)

Gilbert Lecture, Princeton University, Feb 21, 2013

Money, Game

“The orders resting on BATS were typically just the 100-share minimum required for an order to be at the front of any price queue, as their only purpose was to tease information out of investors. The HFT firms posted these tiny orders on BATS—orders to buy or sell 100 shares of basically every stock traded in the U. S. market—not because they actually wanted to buy and sell the stocks but because they wanted to find out what investors wanted to buy and sell before they did it. BATS, unsurprisingly, had been created by high-frequency traders.”

Michael Lewis book Flash Boys

Source: Flash Boys (2014), p. 73

“The empirical successes of [the three-factor model] suggest that it is an equilibrium pricing model, a three-factor version of Merton’s (1973) intertemporal CAPM (ICAPM) or Ross’s (1976) arbitrage pricing theory (APT). In this view, SMB and HML mimic combinations of two underlying risk factors or state variables of special hedging concern to investors.”

Eugene Fama (1939) American economist and Nobel laureate in Economics

Source: Common risk factors in the returns on stocks and bonds, 1993, p. 57

Success

“If you want to understand financial markets, and their effects on the economy, you have to understand the trading game. Many short-term price movements are neither random nor caused by economic fundamentals. They're caused by investors buying and selling.”

Aaron C. Brown (1956) American financial analyst

Source: The Poker Face of Wall Street (2006), Chapter 1, The Art of Uncalculated Risk, p. 12

Game, Understanding

“If General Motors is worth $60 a share to an investor it must be because the full common-stock ownership of this gigantic enterprise as a whole is worth 43 million (shares) times $60, or no less than $2,600 million.”

Benjamin Graham (1894–1976) American investor

Source: The Intelligent Investor: The Classic Text on Value Investing (1949), Chapter II, The Investor and Stock-Market Fluctuations, p. 39

Time

“A powerful consumers cooperative movement helps to maintain an equitable balance between prices and profits, and thereby decreases the power of owners and investors.”

Kirby Page (1890–1957) American clergyman

Property (1935)

Help

“The media wants overnight successes (so they have someone to tear down). Ignore them. Ignore the early adopter critics that never have enough to play with. Ignore your investors that want proven tactics and predictable instant results. Listen instead to your real customers, to your vision and make something for the long haul. Because that's how long it's going to take, guys.”

Seth Godin (1960) American entrepreneur, author and public speaker

"The secret of the web (hint: it's a virtue)," http://sethgodin.typepad.com/seths_blog/2008/08/the-secret-of-t.html Seth Godin's Blog (2008-08-10)

Guy, Tear, Success

“Only a faster-than-exponential stock market growth makes private investors feel richer.”

Didier Sornette (1957) French scientist

Source: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 10, 2050: The End Of The Growth Era?, p. 375
Context: In order to have a continuing influence, the stock market has to continue rising at an accelerating pace faster than exponential. Only a faster-than-exponential stock market growth makes private investors feel richer.

Feeling

“Cryptocurrencies have given rise to an entire new criminal industry, comprising unregulated offshore exchanges, paid propagandists, and an army of scammers looking to fleece retail investors. Yet, despite the overwhelming evidence of rampant fraud and abuse, financial regulators and law-enforcement agencies remain asleep at the wheel.”

Nouriel Roubini (1958) American economist

The Great Crypto Heist, " https://www.project-syndicate.org/commentary/cryptocurrency-exchanges-are-financial-scams-by-nouriel-roubini-2019-07?barrier=accesspaylog", Project Syndicate, July 16, 2019

Law, Fraud

“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.”

Benjamin Graham (1894–1976) American investor

Source: The Intelligent Investor: The Classic Text on Value Investing (1949), Chapter II, The Investor and Stock-Market Fluctuations, p. 31

Sense, Success

“Rich guys used to be able to manipulate the stock market and make huge profits at the expense of smaller investors. It was big news when the small investors discovered they'd been screwed. Now there are many safeguards against the small investor ever finding out how much he's getting screwed.”

Scott Adams (1957) cartoonist, writer

Source: Books, The Dilbert Future (1997)

Guy

“I have an ambition to push at the level of the African Union, that we should have a harmonized legislation in the petroleum and also the mining sector so as to avoid ruinous competition with the aim of attracting investors.”

Macky Sall (1961) current President and former Prime Minister of Senegal

Source: Macky Sall (2021) cited in: " Senegal's President Calls on Africa to Harmonize Oil Legislation https://www.oedigital.com/news/492909-senegal-s-president-calls-on-africa-to-harmonize-oil-legislation" in Offshore Engineer, 16 December 2021.

“No one ever built a billion-dollar company without employees, investors, business partners, and customers.”

Jay Samit (1961) American businessman

Future Proofing You (2021)

Business

“The greatest investor is the one who has the most time for himself.”

Titon Rahmawan

Time

Quotes about investor page 2

Quotes about investor
page 2