Some business and investing quotes that I've saved over the years (with several repeat guests!).

"The key to making money in stocks is not to get scared out of them." - Peter Lynch
"A good rule of thumb for many things in life holds that things take longer to happen than you think they will, and then happen faster than you thought they could." - Larry Summers
"Investors spends too much time on worse case scenarios and too little on best case scenarios. When a Company generates strong streams of cash flow they have the resources to change things." - Tom Engle (1/3)
"I have owned so many stocks over the decades that I have seen many unexpected good things happen and so few terminally bad things happen that I naturally look for possibilities and great things that could be." - Tom Engle (2/3)
"And the one thing that has always been present over my investing lifetime has been the over-abundance of noise." - Tom Engle (3/3)
“Moreover, investors who diversify widely and simply sit tight with their holdings are certain to prosper: In America, gains from winning investments have always far more than offset the losses from clunkers.” - Warren Buffett, 2015 Letter to Shareholders
"I learned an important lesson—that the value of the stock is not the same as the underlying value of the company. The stock goes up and down according to the whims and wiles of Wall Street." - Jim Koch, Boston Beer (1/4)
"The value of the company depends on elements that contribute to the creation of real value—things like providing superior products at fair prices." - Jim Koch, Boston Beer (2/4)
"You need to be learning and innovating, giving your people interesting, motivating work and compensating them fairly, creating value for your community, and doing it all in a way that yields a good profit." - Jim Koch, Boston Beer (3/4)
"That’s not what much of Wall Street values, but it’s what creates long-term value for investors." - Jim Koch, Boston Beer (4/4)
"Amid huge returns, it is totally normal for a stock to be down 30%, 40%, 50% or more from its recent high. That's the short run. The returns come in the long run." - @morganhousel
"You can’t just listen to customers, you have to invent on their behalf. Even if they think they’re happy, they want something better." - Jeff Bezos
"In dieting and in stocks, it is the gut and not the head that determines the results." - Peter Lynch
"My biggest takeaway from economics is that the past wasn't as good as you remember, the present isn't as bad as you think, and the future will be better than you anticipate." - @morganhousel
"Every great startup starts as a side project that isn’t anybody’s main priority. AirBed & Breakfast was a way to pay our rent. It was a way to pay rent and buy us time and help us get to the big idea." - Brian Chesky, Founder of Airbnb
"I will risk having terminal losers rather than become a habitual seller of stocks, which will almost always lead to higher churn rates and less real wealth creation." - Tom Engle (TMF1000)
"To be able to invest in Amazon or any Internet company with little to no existing profits, you must make an effort to picture the future.... it necessitates just this sort of imaginative projection, informed by a good old-fashioned Foolish common sense." - @DavidGFool, 1997
"It’s normally harder to stick with a winning stock after the price goes up than it is to believe in it after the price goes down." - Peter Lynch
"Over time the biggest risk that you can take is to not take any risks." - Peter Thiel
"Anybody who doesn’t change their mind a lot is dramatically underestimating the complexity of the world that we live in." - Jeff Bezos
"As earnings grow, value builds." - Tom Engle (TMF1000)
"The key to successful investing is finding successful companies." - Peter Lynch
"Never ask customers to do something that is not in their long-term best interest." - Jim Koch, Founder of Boston Beer $SAM
"I believe the folks who’ve done the best with Wal-Mart stock are those who have studied the company, who have understood our strengths and our management approach, and who, like me, have just decided to invest with us for the long run." - Sam Walton, Founder of Wal-Mart
"If Old Faithful turns into a super volcano, blows its top, all stocks will fall to record lows. If that happens, I will dig myself out of the foot of volcanic ash, set up my Internet and buy stocks." - Tom Engle (TMF1000)
"I’d rather be optimistic and wrong, than pessimistic and right." - @elonmusk
"My entire strategy that I coined early on was listen to employees, listen to customers, shut the f*ck up, and do what they tell you.” - @JohnLegere
"Google was the twelfth search engine. Facebook was the tenth social network. iPad was the twentieth tablet. It's not who gets there first. It's who gets there first when the market's ready." - @Jason
"Small actions repeated consistently over a long period of time is the most effective and reliable way to bring about change. Incremental change is short-term boring, but long-term exciting." - Carl Richards ( @behaviorgap)
"A good rule of thumb for many things in life holds that things take longer to happen than you think they will, and then happen faster than you thought they could." - Larry Summers
“Any useful statement about the future should at first seem ridiculous.” - Jim Dator
"The only person that can cause you to get a bad result in stocks is yourself." - Warren Buffett
"Ultimately it is not the stock market nor even the companies themselves that determine an investor’s fate. It is the investor." - Peter Lynch
"Analysts work with numbers, investors work with concepts." - Tom Engle (TMF1000)
"Ultimately, my belief is that the best marketing is creating a product that people are excited to talk about. Period." - Katrina Lake ( @kmlake)
"We made the classic mistake that all investors make. We focused too much on what they were doing at the time and not enough on what they could do, would do, and did do." - Fred Wilson, Twitter backer who passed on Airbnb
"When it comes to the future, it’s far more important to be imaginative than to be right." - Alvin Toffler
"Success is going to require a beginner’s mind." - Jeff Bezos
"If this company is the next great growth stock, then a little is all I need. If it's not, then a little is all I want." - Tom Engle (TMF1000)
"People who succeed in the stock market also accept periodic losses, setbacks, and unexpected occurrences. Calamitous drops do not scare them out of the game." - Peter Lynch
"The first rule of compounding: Never interrupt it unnecessarily." - Charlie Munger
"Having the optimal portfolio won't help if you get shaken out of your positions whenever the market hiccups.... Temperament matters, in a big way." - LouAnn Lofton
"Most entrepreneurial ideas will sound crazy, stupid and uneconomic, and then they'll turn out to be right." - Reed Hastings ( @reedhastings)
"We came here to be the greatest in the world. To be a little better is not very interesting, even though it is very easy to do." - Shirley Hill, Metro Bank
"My passion has been to build an enduring company where people were motivated to make great products. Everything else was secondary." - Steve Jobs
"Getting the right people and the right chemistry is more important than getting the right idea." - Ed Catmull
"It takes remarkable patience to hold on to a stock in a company that excites you, but which everybody else seems to ignore. You begin to think everybody else is right and you are wrong. But where the fundamentals are promising, patience is often rewarded." - Peter Lynch
"Shopify has been a perpetually underestimated company at every point of its history." - Tobi Lutke ( @tobi)
"Betting against entrepreneurs who are changing the world has never been a profitable endeavor." - Chamath Palihapitiya ( @chamath)
You can follow @David_Kretzmann.
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