There’s so much to learn about investing, money, and finance. One of the best ways to understand the industry is to study some of the great investors and purveyors of financial knowledge. Here, we share 11 quotes by philosophers, businesspeople, and investors. I hope you learn something new and enjoy studying the history, context, and meaning behind these insightful quotes.
1. "An investment in knowledge pays the best interest." – Benjamin Franklin
This is such a good quote because it refers to educating yourself to become an empowered investor. Financial literacy is crucial for diving into the investment world, and there are no better returns than those you gain from education.
2. "In investing, what is comfortable is rarely profitable." – Robert Arnott
This quote may not seem directly related to the first quote, but education is often the first foundational step. The more educated you are, the more confident you feel when stepping out of your comfort zone. It’s important to have an investment portfolio that aligns with your personal risk tolerance and goals, but you’re inevitably going to have to make decisions that might make you uncomfortable.
3. "How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case." – Robert G. Allen
While savings accounts are a great financial tool for keeping some of your money readily available, they traditionally have low interest rates that won’t contribute to your growing net worth. While a market investment might not be as safe as a savings account, it will still grow quicker.
4. "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
This is a great quote about protecting your wealth and making it work for you. Money and capital gains do you no good if you blow them all.
5. "Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas." — Paul Samuelson
There is certainly a thrill of investing in the market, but the most successful investors value thoughtfulness and research over impulsive decisions. Good investors are in it for the long haul, not for the thrill of the chase.
6. "With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." – Carlos Slim Helu
When looking at market trends, it’s clear that history repeats itself. Understanding this history will make you a more educated investor.
7. "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." – George Soros
None of us have a crystal ball, so it’s impossible to tell if you’re going to be “right.” Instead, focus on maximizing your gains and minimizing your losses.
8. "I don't look to jump over seven-foot bars; I look around for one-foot bars that I can step over." – Warren Buffett
Sometimes, when it comes to investing, simpler is better. Rather than reinventing the wheel, you can focus on consistent performers and making your life easier (and hopefully more profitable).
9. “Invest for the long haul. Don’t get too greedy and don’t get too scared.” – Shelby M.C. Davis
Investing in the market is a long-term play, and your portfolio should reflect your personal timelines. It’s okay to invest for short-term goals as well, but that will likely change your strategy.
10. “The intelligent investor is a realist who sells to optimists and buys from pessimists.” – Benjamin Graham
The financial markets are all about patience. Optimists will buy high, pessimists will sell low, and the intelligent investor capitalizes on both of these emotional decisions.
11. “Know what you own, and know why you own it.” – Peter Lynch
When it comes to quotes about investing, this one is a classic. It goes back to being financially literate and understanding your choices. Know the “why” behind your portfolio. Don’t hesitate to ask questions; your financial advisor is a part of your team and will be happy to help you understand what you’re investing in.
Many wise things have been said about investing, money, and finance. These are just some of the best. If you would like wise financial advice and a plan to help you achieve your goals before and during retirement feel free to...
This content is developed from sources believed to be providing accurate information. The information in this material is not intended as investment, tax, or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. Digital assets and cryptocurrencies are highly volatile and could present an increased risk to an investors portfolio. The future of digital assets and cryptocurrencies is uncertain and highly speculative and should be considered only by investors willing and able to take on the risk and potentially endure substantial loss. Nothing in this content is to be considered advice to purchase or invest in digital assets or cryptocurrencies.
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