Standing on the Shoulders of Giants: 100 Investment Insights from 10 Master Investors

Standing on the Shoulders of Giants: 100 Investment Insights from 10 Master Investors

The Stock Market Wizard — Warren Buffett

1. Be fearful when others are greedy,

and greedy when others are fearful.

2. If you aren’t prepared to hold a stock for 10 years,

then don’t hold it for even 10 minutes.

3. It takes 20 years to build a good reputation,

but only 5 minutes to ruin it.

Once you understand this,

you will do things differently.

4. For me, investing

is both a sport

and entertainment.

I enjoy hunting for good targets to “capture rare, fast-moving elephants.”

5. Only when the tide goes out

do you discover who’s been swimming naked.

6. When a strong company faces a huge but resolvable crisis,

a great investment opportunity quietly appears.

7. Invest in businesses, not stocks.

8. Owning a stock,

expecting it to rise by tomorrow morning, is very foolish.

9. Even if the Federal Reserve Chair secretly told me the monetary policy for the next two years,

I wouldn’t change any of my investments.

10. I like simple things.

The Financial Giant — George Soros

1. Speculation is like the jungle law in the animal world,

attacking the weak,

and this approach often hits the mark.

2. I was born poor,

but I will not die in poverty.

3. Judging right or wrong isn’t important,

what matters is how much profit you make when right,

and how much you lose when wrong.

4. In the stock market,

seek sudden changes that others haven’t yet realized.

5. Taking risks,

is blameless,

but remember, never bet everything on one shot.

6. The stock market is often untrustworthy,

so,

if you follow the trend on Wall Street,

your stock management is doomed to be bleak.

7. When in the market,

be prepared to endure pain.

8. I make the same mistakes as others,

but

my superpower is recognizing my own errors.

9. To succeed,

you need ample free time.

10. You don’t have to know everything,

but you must know more than others in one area.

The Speculation Genius — André Kostolany

1. Crashes often follow a rapid rise,

and rapid rises end with crashes,

repeating over and over.

2. Patients don’t die from disease,

but from the medicine given to them.

3. When prices start to rise,

the smaller the trading volume,

the more optimistic the situation.

4. Any software is only as smart as its programmer.

5. Money in the securities market,

is like oxygen for breathing,

gasoline for engines.

6. Breakouts after price consolidation are usually worth the risk.

7. Retracements often stop at gaps.

8. The stocks of the most famous listed companies are most prone to over-speculation.

9. Stocks are never too high,

high enough to prevent you from buying,

nor too low,

low enough to prevent you from selling.

10. In 80 years of securities trading,

I’ve learned one thing: speculation is an art,

not a science.

The Most Mystical Technical Analyst — William Gann

1. Don’t buy after a surge in volume,

don’t sell after a decline in volume.

2. There’s nothing new under the sun.

3. Once you master Gann angles,

you can solve any problem,

and determine any stock’s trend.

4. Only trade active stocks,

avoid those with slow movement and sparse trading.

5. When market trends are unclear,

prefer to stay on the sidelines.

6. Only stocks with good performance have strong resilience.

7. Charts reflect all market or investor psychology.

8. Adjustments make the market healthier.

9. Don’t buy all at once,

arrogance is a sin.

10. When suffering losses in trading,

avoid gambler’s doubling down,

to lower your average cost.

The Global Investment Traveler — Jim Rogers

1. If I only act according to my understanding,

rather than following others’ advice,

it’s easier and more profitable.

2. Never lose money,

invest in what you know,

and wait for great opportunities to invest.

3. I’ve never cared about market ups and downs,

only whether there are companies that meet my investment standards.

4. When everyone is crazy,

you must stay calm.

5. Stand aside,

wait for the trend to develop naturally.

6. From historical experience,

once the commodity market enters a bull cycle,

it can last at least 15 years,

and up to 23 years.

7. Combining profit and ideals is the most wonderful thing.

8. After success, you’re often blinded by victory,

and at such times, calm reflection is especially needed.

9. When media opinions are one-sided,

you should calmly oppose them.

10. Risks exist within the market itself.

The Market’s Best Matchmaker — Philip Fisher

1. Hold onto growth stocks.

2. The funniest thing in the stock market is: everyone who buys and sells at the same time thinks they are smarter than the other.

3. You can never fully understand all aspects of yourself or the market.

4. Cash flow is a vital health indicator for any company.

5. In this competitive era,

even excellent products or services won’t survive without good marketing.

6. Don’t follow the crowd.

7. Investors seeking large capital growth should downplay dividends.

8. When investing in stocks, understand the company’s operations,

and don’t be fooled by false figures.

9. When buying truly excellent growth stocks,

consider not only the price,

but also the timing.

10. Stock investing,

inevitably involves some luck,

but in the long run,

good luck and bad luck balance out,

and sustained success depends on skill and good principles.

Legendary Fund Investor — Peter Lynch

1. The condition of a company is 100% correlated with its stock.

2. Buy stocks of cyclical industries when P/E ratios are high,

and sell when P/E ratios are low.

3. Hold stocks of profitable companies,

and don’t sell without a good reason.

4. With some effort,

ordinary investors can become stock experts,

and their stock-picking results can rival Wall Street professionals.

5. Investing without research,

is like playing poker without looking at your cards,

and will surely fail.

6. Ultimately, your fate as an investor is decided not by the stock market or listed companies,

but by yourself.

7. Confidence is essential in stock trading,

without it, failure is certain.

8. Markets are born in despair,

grow in doubt,

mature in hope,

and perish in despair.

9. The rule for stock winners is: avoid lagging stocks,

avoid mediocre stocks,

and focus on leading stocks.

10. Let trends be your friends.

The Father of U.S. Mutual Funds — Roy Neuberger

1. I understand,

money keeps the world turning,

but I don’t believe in money; I know,

art cannot keep the world turning,

but I believe in art.

2. Success in investing is built on existing knowledge and experience.

3. Other people’s shoes don’t fit your feet.

4. Timing may not decide everything,

but it can decide many things.

5. A true investor doesn’t invest recklessly like gambling,

he only invests in tools with enough potential for profit.

6. Stocks are obviously the preferred assets for all long-term growth investors.

7. Technical indicators change constantly,

but trading volume is the real deal.

8. Shareholders may not care if the CEO reads novels or drinks and drives,

but they care about the CEO’s fraud.

9. Loving a stock is right,

but when its price is high,

let others love it instead.

10. If a stock can stay steadily within a certain price range for a long time,

that range is the fair value.

The Investment Master Who Dominates the Market and Politics — Bernard Baruch

1. I can avoid disasters

because I sell too early every time.

2. When everyone cheers the stock market,

you must decisively sell,

regardless of whether it will continue to rise; when it’s cheap and no one wants it,

you should dare to buy,

regardless of whether it will fall again.

3. New highs breed new highs,

new lows breed new lows.

4. Anyone claiming they can always buy the bottom and sell the top is lying.

5. Don’t expect to be right every time,

if you make a mistake,

the sooner you cut losses, the better.

6. The one who lives the longest,

lives the most carefree,

and earns the most comfortably.

7. They are not defeated by the market,

but by themselves.

8. As an investor,

some stocks will make you suffer deeply.

9. One must understand the interplay of rationality and emotion in influencing the market.

10. Be cautious of anyone giving you insider information,

whether it’s a barber,

beautician, or waiter.

Japan’s Stock God — Isukawa Ginzō

1. The stock market is full of rumors,

if every rumor you hear prompts you to buy or sell,

no matter how much money you have,

it won’t be enough to cover the losses.

2. Keep a close eye on economic and stock market changes daily,

and study them diligently yourself.

3. An investor’s mindset should be like a turtle,

slowly observing,

cautiously buying and selling.

4. Don’t be overly optimistic,

don’t think the stock market will keep rising forever,

and always operate with your own funds.

5. Eat only until you’re 80% full.

6. Trading isn’t about buying low and selling high; in fact,

it’s about buying high,

and selling even higher,

the strong get stronger,

the weak get weaker.

7. Before I entered the market,

I already knew when to exit.

8. Choose promising stocks with potential that are yet unnoticed by the world,

and hold them long-term.

9. Don’t jump into every hot topic on newspapers or magazines,

just because they publish good news.

10. Unexpected events can happen at any time,

so remember,

investing in stocks always involves risk.