— Morgan Housel
— Alex Green “…your ability to maximize your income, your propensity to save, your appetite for risk, your willingness and ability to let your money compound, the investment costs you absorb and the taxes you pay.”
Phil Fisher was just telling me the same thing that Charlie was telling me, which was that it’s very important to get into a business with fundamentally good economics, and one that you could ride with for decades, rather than one where you had to go from flower to flower every day. That philosophy has carried me along. Now, I’ve learned different ways of applying it over the years, but it’s the way I think about businesses now.
—Warren Buffett (2013)
From “Money: The True Story of a Made-Up Thing: P. 130
— Money – The True Story of a Made-up Thing p. 6
— Alex Green “Investors should purchase stock like they purchase groceries – not like they purchase perfume.” – Benjamin Graham “You can’t pick cherries with your back to the tree.” – J.P. Morgan “Investment success accrues not so much to the brilliant as to the disciplined.” – William J. Bernstein