Hello and Welcome. This page is a collection of 5 quotes about Investing that I liked and saved from various books. I hope you will like these quotes too.
By the way, I am Deepak Kundu, an avid book reader, quotes collector and blogger.
Investing Quotes from How Not to Invest book by Barry Ritholtz
- When the world changes, but our models don’t, we run into trouble.
- In the world of investing, recognizing what you do not know and therefore should not be betting on is paramount. It is an important trait for any investor to have. Too many people assume they are making decisions based on what they know, but oftentimes their decisions are based on what they think they know but really don’t.
- The three most important words in investing are, “I don’t know.” Not saying those three words has cost investors billions.
- Investing is a massive problem-solving exercise. The best at it are intellectually flexible; they approach their craft as a discipline, and focus on process. They understand probability theory and view mistakes as learning opportunities. They use mental models and engage in second-order thinking; they use counterfactuals; they have good information hygiene. They possess a high level of self-awareness regarding their own psychological states. They know they have blind spots and are aware they don’t know what they don’t know.
- Investing is the art of using imperfect information to make probabilistic assessments about an inherently unknowable future.