J. Paul Getty: Everyone Selling
on Monday, September 26, 2022Meaning of J. Paul Getty Money Quote: saying being a contrarian makes a successful investor – don’t follow the money crowd. J. Paul Getty said:
“Buy when everyone else is selling and hold until everyone else is buying. That’s not just a catchy slogan. It’s the very essence of successful investing” — J. Paul Getty
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In this quote, J. Paul Getty seems to be conveying fundamental principles of value investing. Some key points:
- Getty advises buying assets when “everyone else is selling” – implying that is when prices are lowest due to widespread pessimism in the market.
- He suggests holding those investments until “everyone else is buying” again – indicating riding the assets until typical optimism and high prices return as sentiment improves.
- Getty states this approach of contrarian buying low and selling high is not just a catchphrase but rather “the very essence of successful investing” long-term.
- The quote captures the idea of buying assets that are temporarily undervalued due to crowd psychology or short-term thinking, and having the discipline to wait patiently until their intrinsic worth is once again recognized more broadly.
Overall, Getty appears to be promoting a strategy of buying sound investments when fear is high but fundamentals remain intact, and holding through volatility until optimism returns – an approach that seeks to profit from other investors’ short-term emotional decisions rather than trying to outguess short-term market swings through timing. It emphasizes the importance of a long-term, value-oriented mindset.
Birthday: December 15, 1892 – Death: June 6, 1976