Sir John Templeton: This Time is Different

Sir John Templeton Money Quote saying the temptation to invest in things too good to be true is stronger than reason and more costly than investors can afford. Sir John Templeton said:
 

 

“The investor who says, ‘This time is different,’ when in fact it’s virtually a repeat of an earlier situation, has uttered among the four most costly words in the annals of investing” — Sir John Templeton

In this quote, Sir John Templeton seems to be warning investors against dismissing past market patterns and assuming the current situation is unique. A few key points:

• Thinking “this time is different” suggests believing a repeat of an earlier financial situation won’t occur again.
• However, Templeton notes such situations often virtually repeat, so dismissing history is a mistake.
• Dismissing the value of learning from the past leads investors to make poor decisions that end up being “among the four most costly” in terms of financial losses.

Overall, the quote conveys Templeton’s view that investors should carefully study historical market cycles and precedents, rather than assuming the present is exceptional. Failing to acknowledge that “this too shall pass” can prove very expensive, in his experience. The lesson is to avoid complacency and respect that history often rhymes.

Birthday: November 29, 1912 – July 8, 2008

Warren Buffett: Businessmen Best Investors

Warren Buffett Money Quote saying that paying attention to business improves results of investors and protects the business from losses. Warren Buffett said:
 

 

“I am a better investor because I am a businessman, and a better businessman because I am no investor” — Warren Buffett

Warren Buffett says he is a better investor because he is a businessman, and a better businessman because he is also an investor. By being actively involved in running businesses, Buffett gains insights into how companies operate and what drives success. This hands-on experience helps him identify strong companies to invest in and avoid those with underlying problems.

His experience as an investor also helps him make better business decisions by thinking about a company’s long-term value and competitive advantages. In short, Buffett believes his dual experience in business and investing makes him more knowledgeable and helps him achieve better results.

Archibald MacLeish On Contrary Investors

Archibald MacLeish Money Quotation saying investing in opposition to herd mentality is like those thinking for themselves. Archibald MacLeish said:
 

 

“The contrary investor is every human when he resigns momentarily from the herd and thinks for himself” — Archibald MacLeish

In this quote, American poet and writer Archibald MacLeish seems to be commenting on how people typically think and act collectively in groups or “herds,” but also have an individual capacity for independent thought.

He suggests that when a person briefly “resigns momentarily from the herd” by thinking separately from the prevailing consensus, they can take a contrary or opposing view like a value investor.

The quote conveys MacLeish’s view that while humans often follow the crowd, each individual also retains the ability to occasionally detach from groupthink and analyze issues singularly, which allows for alternative perspectives and insights separate from the mainstream herd mentality.

Birthday: May 7, 1892 – Death: April 20, 1982

Warren Buffett: Temperament of Investors

Warren Buffett Money Quotation shows his belief that personality traits matter more than intelligence when it comes to investor success – especially the need to move money with the whim of the crowds.
 

 

“The most important quality for an investor is temperament, not intellect… You need a temperament that neither derives great pleasure from being with the crowd or against the crowd” — Warren Buffett

Warren Buffett is saying that an investor’s personality and emotional traits are more important than their intelligence for success. He emphasizes that a good investor needs to make decisions based on rational analysis of the facts, not be swayed by what the majority of other investors are doing. They should not feel pleasure from simply agreeing or disagreeing with the crowd.

Instead, a good investor maintains an independent and even-keeled temperament, and is not emotionally driven to conform to or oppose prevailing opinions in the market. This allows them to objectively evaluate investment opportunities and make level-headed decisions.