2017 was certainly an interesting year in the world of finance. The gains in the stock market surprised nearly everyone. But will the good news continue in the year ahead? How will things change?
We don’t know what the future holds, but great advice is timeless. To help start the new year off right, I’ve compiled a little investing advice from some famous and successful investors.
“You get recessions, you have stock market declines. If you don’t understand that’s going to happen, then you’re not ready, you won’t do well in the markets.”
– Peter Lynch, American investor, mutual fund manager and author
“If past history was all that is needed to play the game of money, the richest people would be librarians.”
– Warren Buffett, American business magnate, CEO of Berkshire Hathaway and investor
“The stock market is the story of cycles and of the human behavior that is responsible for overreactions in both directions.”
– Seth Klarman, American investor and hedge fund manager known as a value investor
"It's not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for."
– Robert Kiyosaki, American businessman, founder of the Rich Dad Company, and author of Rich Dad Poor Dad
“But investing isn’t about beating others at their game. It’s about controlling yourself at your own game.”
– Benjamin Graham, a British-born American investor, economist and professor, known as the “father of value investing”
"It's waiting that helps you as an investor, and a lot of people just can't stand to wait. If you didn't get the deferred-gratification gene, you've got to work very hard to overcome that.”
– Charles Munger, American investor, vice chairman of Berkshire Hathaway and author
“Historically, there has been a bull market in the commodities every 20 or 30 years.”
– Jim Rogers, American businessman, chairman of Rogers Holdings and Beeland Interests, Inc., investor and author
“To be a better investor, you have to stand on your own. You just can't copy other people's insights.”
– Li Lu, Chinese-born American investment banker, hedge fund manager, founder and chairman of Himalaya Capital Management
“Most people give up just when they are about to achieve success. They quit on the one-yard line. They give up at the last minute of the game, one foot from a winning touchdown.”
– Henry Ross Perot, American businessman and billionaire
“If you are bearish or bullish long enough, you will eventually be right.” – Unknown
“I don’t think there is any other quality so essential to success of any kind as the quality of perseverance. It overcomes almost everything, even nature.”
– John D. Rockefeller, American industrialist, business magnate and former U.S. senator from West Virginia
“Anyone who is not investing now is missing a tremendous opportunity.”
– Carlos Slim, Mexican business magnate and investor
"Someone asked me once if I could condense into five words the most important qualities needed for a good investor, and I replied: 'Motivation, humility, hard work, discipline.'"
– Mark Mobius, fund manager at Franklin Templeton Investments
If you are interested in good advice that is tailored to your goals, contact my office at firstname.lastname@example.org. I am always happy to meet with people who are working on their retirement plans.
Dunncreek Advisors does not provide legal or tax advice, nor is this article intended to do so.