Investing quotes can convey a lot of wisdom in a few words. They are useful because they can guide us in making good investment decisions. I wanted to pick the meaningful quotes that have shaped my investment philosophy rather than merely regurgitate the popular ones. I have compiled 30 of them and I hope you would find them useful.
#1 – “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
Investors often get fixated about the accuracy rate of an investing strategy – what’s the percentage of winning stocks? They think that a good strategy is one that has 70% or more winning stocks. This is not true. It is the degree of win that matters.
Here’s an example: Assuming you own a portfolio of 10 stocks with equal weight. You can end up with a loss if you had 9 stocks make 5% each (+45%) and 1 stock that losing 50%....