The internet is loaded with pundits who can’t possibly predict short-term market movements. They sound intelligent, but don’t have a clue. However, there are proven and steady voices in the wilderness. The best thing about their quotes–other than the quotes themselves–is that they don’t need to be embellished, amplified or explained, so without any further ado, here are the famous words from the pantheon of investing gods:
“We continue to make more money when snoring than when active.” -Warren Buffett
“The only value of stock forecasters is to make fortune-tellers look good.” -Warren Buffett
“Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.”-Peter Lynch
“If you spend more than 13 minutes analyzing economic and market forecasts, you’ve wasted 10 minutes.” -Peter Lynch
“I can’t recall ever once having seen the name of a market timer on Forbes’ annual list of the richest people in the world. If it were truly possible to predict corrections, you’d think somebody would have made billions by doing it.” -Peter Lynch
“‘Market timing’ is unappealing to long-term investors. As in hunting deer or fishing for rainbow trout, investors have learned the importance of ‘being there’ and using patient persistence — so they are there when opportunity knocks.” -Charles Ellis
“Do you know what investing for the long run but listening to market news everyday is like? It’s like a man walking up a big hill with a yo-yo and keeping his eyes fixed on the yo-yo instead of the hill.” -Alan Abelson
“Only liars manage to always be out during bad times and in during good times.” -Bernard Baruch
“It must be apparent to intelligent investors that if anyone possessed the ability to do so [forecast the immediate trend of stock prices] consistently and accurately he would become a billionaire so quickly he would not find it necessary to sell his stock market guesses to the general public.” -David L. Babson & Company
And of course…