In het boekje ‘Beleggingstips 2007’ komen 12 zogeheten ‘beleggingsgoeroes’ aan het woord. Ondanks dat ik zelf niet zo’n voorstander ben van tips, waren de interviews aangenaam om te lezen, en werden er nog enkele gevatte opmerkingen gemaakt. Hieronder heb ik de, naar mijn mening, interessantste quotes geplaatst. Jammer alleen dat er vooral wordt gekeken naar de langere termijn, terwijl ik het wel als een aanvulling zou hebben ervaren als er ook (day-) traders waren geïnterviewd. Maar, toegegeven, de resultaten van de tips (te volgen via de VEB website) zijn indrukwekkend.

Het vierde en laatste deel van Jesse Livermore quotes uit ‘Reminiscences of a Stock Operator’. Voorgaande delen: deel 1, deel 2, deel 3.

“The speculator’s deadly enemies are: Ignorance, greed, fear and hope. All the statute books in the world and all the rules of all the Exchanges on earth cannot eliminate these from the human animal.”

“In addition to trying to determine how to make money one must also try to keep from losing money. It is almost as important to know what not to do as to know what should be done.”

Deel 3 van de Jesse Livermore quotes uit ‘Reminiscences of a Stock Operator’. Andere delen in deze serie: deel 1, deel 2, en deel 4.

“I sometimes think that speculation must be an unnatural sort of business, because I find that the average speculator has arrayed against him his own nature. The weaknesses that all men are prone to are fatal to success in speculation — usually those very weaknesses that make him likable to his fellows or that he himself particularly guards against in those other ventures of his where they are not nearly so dangerous as when he is trading in stocks or commodities.”

Deel 2 van de verzameling quotes van Jesse Livermore uit ‘Reminiscences of a Stock Operator’. Deel 1 vind je hier.

“Disregarding the big swing and trying to jump in and out was fatal to me. Nobody can catch all the fluctuations.”

“People don’t seem to grasp easily the fundamentals of stock trading. I have often said that to buy on a rising market is the most comfortable way of buying stocks. Now, the point is not so much to buy as cheap as possible or go short at top prices, but to buy or sell at the right time. When I am bearish and I sell a stock, each sale must be at a lower level than the previous sale. When I am buying, the reverse is true. I must buy on a rising scale. I don’t buy long stock on a scale down, I buy on a scale up.”

Onderstaande quotes heb ik uit ‘Reminiscences of a Stock Operator’ gehaald:

“There is the plain fool, who does the wrong thing at all times everywhere, but there is the Wall Street fool, who thinks he must trade all the time. No man can always have adequate reasons for buying or selling stocks daily – or sufficient knowledge to make his play an intelligent play.”

“Nowhere does history indulge in repetitions so often or so uniformly as in Wall Street. (…) The game does not change and neither does human nature.”

Onderstaande quotes komen uit Jack D. Schwager – Market Wizards. Hier staat de boek review. Deel 1 vind je hier: Quotes Market Wizards (1).

‘There is no such thing as a paper loss. A paper loss is a very real loss.’ Jim Rogers

‘I learned that an opinion isn’t worth that much. It is more important to listen to the market. I became a reactive trader as opposed to an opinionated trader.’ Brain Gelder

‘ (…) When you don’t care, you do well, and when you try to hard, you don’t do well.’ Brain Gelder

Onderstaande quotes heb ik geselecteerd uit ‘Market Wizards’, van Jack D. Schwager. Wil je weten wat ik van het boek vind, kijk dan hier.

“Perhaps the most important rule is to hold on to your winners and cut your losers. If you don’t stay with your winners, you are not going to be able to pay for the losers.” Michael Marcus

“If you don’t work very hard, it is extremely unlikely that you will become a good trader.” Bruce Kovner

“One learns the most from mistakes, not successes.” Paul Tudor Jones

“There seems to be some perverse human characteristic that likes to make easy things difficult.”

“The most important quality for an investor is temperament, not intellect… You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.”

(Bovenstaande quotes van: Wikiquote: Warren Buffett)

Wie kent hem niet? De op één na rijkste man ter wereld, die zijn vermogen heeft opgebouwd met de klassieke value investing methode, zoals die ook door Benjamin Graham werd onderwezen. Ondanks dat de methode die Buffett volgt misschien niet de uwe is, heb ik enkele quotes uitgelicht die voor elke belegger waardevol kunnen zijn:

Appearing on the PBS show Money World in 1993, Buffett was asked what investment advice he would give a money manger just starting out. “I’d tell him to do exactly what I did 40-odd years ago, which is to learn about every company in the United States that has publicily traded securities.” Moderator Adam Smith protested, “But there’s 27,000 public companies.” “Well,” said Buffet, “start with the A’s.”