24 quotes
"The stock of the greatest company in the world is crap if every investor already thinks it is the greatest company in the world."
Running Money (2004)
Wealth really is a never-ending process. So is running money. You can't just walk away and ask about the meaning of life.
Running Money (2004)
"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."
Running Money (2004)
Cheap power helped create a new market that didn't exist previously.
Running Money (2004)
In fact, maybe Metcalfe's Law is the formula for Doug Engelbart's scaling of human knowledge, just as Watt's steam engine scaled human power.
Running Money (2004)
When you think long-term, the edge is really investing because others can't know.
Running Money (2004)
You can't ever forget how precarious and humbling running money really is.
Running Money (2004)
The stock market teaches you the hard way - it's all in the margin.
Running Money (2004)
You invest in companies with great long-term prospects.
Running Money (2004)
Our portfolio was more of a Roach Motel-stocks came in and never left. This was exciting.
Running Money (2004)
Give me a big enough sandbox to play in, and I'll find the part of it not being used as kitty litter.
Running Money (2004)
Economists may insist we are running a trade deficit, but in reality, we are running a margin surplus.
Running Money (2004)
I think what I learned is that wealth comes not just from taking risk but from constantly taking risks.
Running Money (2004)
But the stock market is not 1:1-it is not a zero sum game. So those deaf, dumb and blind economists can't find the capital flows.
Running Money (2004)
High elasticity means that unit output goes up more than prices went down, so you get a growth business.
Running Money (2004)
It was what I didn't know about that always seemed more interesting.
Running Money (2004)
Stocks are a voting mechanism, pure and simple. They are a collective vote of expectations of each company's future fundamentals.
Running Money (2004)
When someone pukes up a stock, it's not hard to miss. Mispriced securities all over the table. And we are there with a barf bag, collecting all we can.
Running Money (2004)
But someone knew and made a killing. It was investing when you know something no one else knows.
Running Money (2004)
"but then I remembered how crass it is to talk money or stocks with university types."
Running Money (2004)