Quotes for All
The key is if the economic data stays soft, maybe we don’t have to worry much about interest rates anymore. Then we need to worry about earnings. What gave us a really strong move in stock prices from late May until about two weeks ago was this heightened optimism that maybe interest rates are at … Read more
How could Digital’s collapse be so precipitous? It’s because, in many ways, financial performance data is misleading. As you move up to the top of the market, you’re getting rid of the less profitable products at the low end and adding business with more attractive margins at the high end. The rate of unit volume … Read more
To prop up the stock price, managers have to turn down the screws on everybody. That forces them to cancel all the projects that would lead to future growth in order to drop money to the bottom line. This is HP’s dilemma today. Once a company’s growth has stopped, the game as we have known … Read more
Over many decades, our usual practice is that if something we like goes down, we buy more and more. Sometimes something happens, you realize you’re wrong, and you get out. But if you develop correct confidence in your judgment, buy more and take advantage of stock prices. Charlie Munger
A lot of share-buying, not bargain-seeking, is designed to prop stock prices up. Thirty to 40 years ago, it was very profitable to look at companies that were aggressively buying their own shares. They were motivated simply to buy below what it was worth. Charlie Munger
Stock prices have been quoted in fractions for two centuries, based on a system descended from Spanish pieces of eight. Each dollar was cut into eight bits worth 12.5 cents each. Charles Jaffe
Index funds are… tax friendly, allowing investors to defer the realization of capital gains or avoid them completely if the shares are later bequeathed. To the extent that the long-run uptrend in stock prices continues, switching from security to security involves realizing capital gains that are subject to tax. Taxes are a crucially important financial … Read more
It’s not that stock prices are capricious. It’s that the news is capricious. Burton Malkiel
I think any statement about stock prices is always suspect unless it’s made by Warren Buffett. Bill Gates
Although there are good and bad companies, there is no such thing as a good stock; there are only good stock prices, which come and go. Benjamin Graham