Investing represents a major component of our economy. Without private and business investors, many companies and people would not be where they are today. Whether they buy gold coins or invest in new technology, many people have things to say about investing and we have captured just a few of these insightful quotes.
Warren Buffett has made millions through wise investments so it is no surprise that he wanted to lend his advice to the rest of us. “I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful,” he said. Perhaps even more profound are his investment rules: “Rule No. 1: never lose money. Rule No. 2: never forget rule no. 1.”
Donald Trump managed to build an empire from scratch, something many of us try to do. He told the world, “Experience taught me a few things. One is to listen to your gut, no matter how good something sounds on paper. The second is that you’re generally better off sticking with what you know. And the third is that sometimes your best investments are the ones you don’t make.”
Getty Oil Company founder J. Paul Getty did not hold anything back when he said, “Money is like manure. You have to spread it around or it smells.” We would be smart to listen to him, as he was once the richest living American and richest private citizen. Mr. Getty was worth over $2 billion at the time of his death in 1976.
Famous investor George Soros has said much about the industry. This includes the rules of the game, where “It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.” Warren Buffett had this to say about investing: “If past history was all there was to the game, the richest people would be librarians.”