Dane Eusebio

STOCK TRADER

[Investment Wisdom @InvestingCanons]

Warren Buffett:

“The truth is, you’ve got to expect good times and bad times in business…[Don’t] try to time the purchase…try to make the right purchase at the right price and make sure you’ve got a good business.”

[Investment Wisdom @InvestingCanons]

Charlie Munger:

“That’s the main secret…If the business has a lousy reputation and the manager has a good reputation, it’s the reputation of the business that remains intact.”

[Investment Wisdom @InvestingCanons]

“You don’t get rich by diversifying into 50 mediocre assets. You get rich by finding 2 or 3 asymmetric home runs.”

— Stanley Druckenmiller

[Investment Wisdom @InvestingCanons]

Charlie Munger on what makes a good business:

“What really makes it work is, the business school term is durable competitive advantage, which is a pretty good term.

You really want an advantage that, nourished without overwhelming skill, will keep working for you for a long, long time.”

And on what to avoid:

“You want to avoid a business which is just so brutally competitive that nobody does well over the long pull.”

[Investment Wisdom @InvestingCanons]

Buffett’s advice for new investors:

“You have to have the attitude that you’re buying into a business. You’re not buying something that [just] wiggles around on a chart. And if you buy intelligently into a business, you’re going to make money.”

[Investment Wisdom @InvestingCanons]

"Don’t buy 'cheap' stocks just because they’re cheap. Buy them because the fundamentals are improving."

— Peter Lynch

[FluentInQuality @FluentInQuality]

"The single most important thing you can do as an investor is to wait for the fat pitch — and then bet big."

— Li Lu

[Big Bull Investing @robertkirb]

Good investing is always value investing.

Charlie Munger:

“All good investing is value investing — by definition.”

[Investment Wisdom @InvestingCanons]

Yesterday, Warren Buffett described investor Chris Hohn's performance to the Financial Times as "Exceptional"

Hohn's total returns since 2004 are 2,924%. A brief excerpt on Hohn's strategy:

"Like Buffett, Hohn focuses on big companies with powerful moats that help them stave off competitors. He also holds his positions for an average of nine years, a timeline more akin to a private equity firm than a trader. But unlike Buffett, Hohn spurns a whole host of industries, including banks, utilities, media and insurers.

Hohn says there are perhaps just over 200 companies in the world that are investable and, because of the uncertainties fomented by AI and climate change, that figure is decreasing."

Hohn runs a concentrated portfolio and his key factor for any company is pricing power.

[Investment Wisdom @InvestingCanons]

Warren Buffett: “You don't need a lot of brains in this business…What you do need is emotional stability.

You have to be able to think independently: when you come to a conclusion, you have to really not care what other people say and just follow the facts and your reasoning.”

[Ronit Pereira @CAronitpereira]

“Mozart was the greatest musician to ever live, yet his life was full of unhappiness and resentment.”

“He overspent his income and was full of jealousy. All you've got to do is learn from Mozart.”

- Charlie Munger. 2019

[Money Wisdom @MoneyWisdom_]

“Leverage is the only way a smart guy can go broke: if you owe money and can't pay it off. Just pay for everything, do smart things, and eventually you'll get very rich.”

— Warren Buffett

[Finding Compounders @F_Compounders]

“Fundamental value investing will always be relevant. To succeed, always buy for less than what it is worth, and be smarter than the market. It will never go out of style."

-Charlie Munger

[Steve Burns @SJosephBurns]

Charlie Munger: “Berkshire would’ve been a lot bigger if we had used leverage, but we would be sweating at night.”

“And it’s crazy to sweat at night…” (pause)

Warren Buffett: “Over financial things.”

😂😂😂

[Investment Wisdom @InvestingCanons]

"You only get a few opportunities, and you have to grab them aggressively when they come because even in the most favored life—they're really rare."

— Charlie Munger

[Investment Wisdom @InvestingCanons]

“When the rest of the world is fearful...we'll grab all of the opportunities that we can handle. And not lose a day of sleep.”

— Warren Buffett

[Investment Wisdom @InvestingCanons]

“A business that earns 12% when the government bond is 3% is one hell of a business…and that's why they sell for very fancy prices.”

— Warren Buffett

[Compounding Quality @QCompounding]

"My largest positions aren’t the ones I think I’m going to make the most money from. My largest positions are the ones where I don’t think I’m going to lose money." -- Joel Greenblatt

[Investment Wisdom @InvestingCanons]

“Ben Graham said long ago that you’re neither right nor wrong because people agree with you or disagree with you…you’re right because your facts and reasoning are right.”

— Warren Buffett

[Money Wisdom @MoneyWisdom_]

“Leverage is the only way a smart guy can go broke: if you owe money and can't pay it off. Just pay for everything, do smart things, and eventually you'll get very rich.”

— Warren Buffett