Econ 4 Quotes

Price is what you pay. Value is what you get

Ben Graham

Prices tend to fluctuate more than values. Therein lies opportunity.

Joel Greenblatt

The economy works as a simple machine.

Ray Dalio

Fund manager skill does not persist. You must then ask, was it skill to begin with?

John C. Bogle

Too much money chasing too few deals. (too much demand, too little supply)

Howard Marks

History does not repeat itself, but it does rhyme.

Mark Twain per Howard Marks

Bubbles act like positive feedback loops

Robert Schiller

In theory, there is no difference between theory and practice, while in practice there is.

Benjamin Brewster

Compound Interest is the 8th wonder of the world.

Einstein (ts pmo)

Finding the answer to this question [level of risk and sleeping point] is one of the most important investment steps you must take.

Burton Malkiel

Sell down to your sleeping point

J.P. Morgan