Five investment quotes to print and frame in your study
However, most people don’t know where to start when it comes to investing. Fortunately, we can learn from great investors of the past and the present.
Famous investors such as Benjamin Graham, Warren Buffett, Charlie Munger, Peter Lynch and others have provided us with timeless investment quotes over the years.
Of course, these investment quotes won’t make sense if you don’t take action and put into practice what you’ve learned. But sometimes they can provide the motivation you need to make better financial decisions.
Here is a selection of timeless investment quotes that can guide you through your investment journey.
# 1 The value of knowledge
âAn investment in knowledge earns the best interestâ – Benjamin Franklin
Legendary leader Benjamin Franklin, being a man of wisdom, precisely explained the value of knowledge.
Knowledge plays a role in everything we do. It can help you get rich, make better decisions, be better at sports, take better care of your health and more.
When it comes to investing, nothing will pay off more than educating yourself.
The investment you make in yourself will always pay off. The wiser you are, the better your decisions. The smarter you are, the more successful you will be.
# 2 be afraid when others are greedy
âI’ll tell you the secret to getting rich on Wall Street. You try to be greedy when others are afraid. And you try to be afraid when others are greedy ‘- Warren Buffett
Warren Buffett says he always tries to be fearful when others are greedy. To be fearful, he means to be cautious in the stock markets and not to stay too invested when others are greedy.
When investors get overly optimistic about something, prices go up unnecessarily.
They usually do not recognize a profit, buy more and more and ignore the correct price of the asset.
However, if there is any unfavorable news about it on any given day, this price would be difficult to maintain and could lead to a very sharp drop.
So, when others are too greedy, we should be afraid of our investments and reduce our portfolio.
In doing so, we can take advantage of the higher price (due to the greed of others) and protect ourselves against a major downturn. When the cost of something is very high, the risk of failure is also increased.
# 3 Financial security
âFinancial peace is not the acquisition of things. It is learning to live with less than what you earn, in order to be able to give back money and have money to invest. You can’t win until you do this’ – Dave Ramsey
When it comes to financial stability, you can be your own worst enemy. According to Dave Ramsey, a financial expert and radio presenter, much of it happens in your brain.
After years of working with people in debt, Ramsey thinks it is obvious that it is not just a lack of money that prevents individuals from achieving âfinancial peaceâ. Instead, it’s their attitude towards money.
Denial, following the Joneses, and ignorance are three typical mindsets Ramsey identified as barriers to financial serenity.
Follow the Joneses is an idiom which basically means that an individual is doing something in order to show that he has as much money as the others, rather than because he really wants to do it.
If you want to earn a living and have financial peace, you must learn to control your spending and save more money for investing.
Working towards your financial goals will give you a lot more security than buying unnecessary or expensive things.
4. Time is precious
âTime is more precious than money. You can get more money, but you can’t get more time ‘- Jim Rohn
Time is one of the most important things a human being has, we cannot afford to waste it because it is what we need to achieve our goals.
We come across many things in our lifetime, and each one gives us an opportunity for learning.
However, there are cases when this opportunity is not favorable, and we feel like we have wasted our time. Because time is irreversible, that would be the worst case scenario.
When we find a balance between money and time, time takes all the weight because even in order to make money we need this indispensable tool as time is.
So, we must not allow the pursuit of money to blind us and not let us enjoy all the time that life gives us, not only to achieve our goals, but also to enjoy life and make it useful. .
Our primary focus should always be to make sure that every experience we devote our time to is valuable and successful.
5. Short term vs long term
“All self-help comes down to choosing the long term over the short term” – Naval Ravikant
Long-term thinking gives you long-term results, according to Ravikant.
He’s implied this saying in a thousand different ways, like in business, you want to gamble long term with long term people.
Short-term thinkers focus on the present, with little regard for the future. They make decisions and act on them.
On the other hand, long-term visionaries always visualize the future. Maybe tomorrow, next month, or several years from now.
Whatever the timeline, the key is that when making decisions, they consider the consequences, benefits, etc. actions in progress, but at a later date.
The same theory also applies to investors. Short-term trading without a good understanding can make or break you, while long-term investing can help you become financially stable.
Timeless financial quotes give investors a better perspective on the future by imparting wisdom from the past.
If you are nervous or scared about investing in the stock markets, take a look at these quotes for reassurance and you will be fine in the long run.
Plus, if you’re new to investing, use the wisdom these legends pass on to help you be a smarter investor.
Ultimately, the more knowledge you have about a topic and the more you can control your emotions, the better off you’ll be.
(This article is syndicated from Equitymaster.com)
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