Tags: Warren Buffett | investors | stock | market

Buffett: 'I Like Buying Quality Merchandise When it Is Marked Down'

By    |   Wednesday, 18 June 2014 02:34 PM

For many investors, following the advice of well-known investors is their market strategy. They believe if they invest as the top investors do, they will gain the wealth that the top investors have.

Therefore, Forbes compiled top quotes from some of history's greatest investors.

Warren Buffett's quote colorfully illustrates his focus on value investing. "Whether socks or stocks, I like buying quality merchandise when it is marked down," said the Berkshire Hathaway CEO.

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As for the other luminaries:
  • Vanguard Group founder John Bogle said, "Don't let the miracle of long-term compounding of returns be overwhelmed by the tyranny of long-term compounding of costs."
  • Templeton Funds founder John Templeton said, "If you buy the same securities everyone else is buying, you will have the same results as everyone else."
  • Equity Groups Investment Chairman Sam Zell said, "Look for good companies with bad balance sheets and understand your downside."
  • Peter Lynch, former manager of Fidelity Magellan Fund, said, "Everyone has the brainpower to follow the stock market. If you made it through fifth grade math, you can do it."
  • David Tepper, founder of Appaloosa Management, said, "I am the animal at the head of the pack. . . . I either get eaten, or I get the good grass."

If you're eager for more from Buffett, here are three of his top quotes courtesy of The Christian Science Monitor.
  • "It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
  • "I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.
  • "We've long felt that the only value of stock forecasters is to make fortune tellers look good."

Editor's Note:
Seniors Scoop Up Unclaimed $20,500 Checks? (See if You qualify)

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StreetTalk
For many investors, following the advice of well-known investors is their market strategy. They believe if they invest as the top investors do, they will gain the wealth that the top investors have.
Warren Buffett, investors, stock, market
312
2014-34-18
Wednesday, 18 June 2014 02:34 PM
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