Home
Authors
Tags
App
Get QuoteDark Inspirational Quotes App
" As in most subjects relating to money management, there's a wide diversity of opinion on portfolio concentration versus diversification. "
Whitney Tilson
Management
Money
Opinion
Related Quotes:
" When high-growth companies slow down, growth and momentum junkies often sell indiscriminately, which can create great opportunities for value investors. Just be careful not to anchor on the stock's previous price or earnings multiple, which are no longer relevant. "
Whitney Tilson
Value
Growth
Great
" We like to say we pray in the church of Graham, Dodd, Buffett, and Munger. "
Whitney Tilson
Say
Pray
Church
" The best way I know to get rich long-term is to invest prudently and conservatively and not try and get rich quick but try and get rich slowly, basically. "
Whitney Tilson
Know
Best
Quick
" I love and celebrate good teachers, and it's critical that we do more to identify them and keep them happy and motivated. "
Whitney Tilson
Love
Teachers
Good
" Shorting saved my butt in 2008... Shorting kept me in the game. It generates cash when the market's crashing. And that's what you want when the market's crashing - cash. "
Whitney Tilson
Game
Butt
You
" Even the greatest companies encounter problems or otherwise fall out of favour. "
Whitney Tilson
Fall
Encounter
Greatest
" The potential rewards of small-cap investing do not come without risk. "
Whitney Tilson
Without
Risk
Potential
" To a large extent, equity investors put their hard-earned capital into the hands of management and count on it being employed skilfully and honestly. When that doesn't happen, losses typically follow. "
Whitney Tilson
Follow
Count
Management
" In life, an abundance of confidence gives us higher motivation, persistence, and optimism and can allow us to accomplish things we otherwise might not have undertaken. "
Whitney Tilson
Confidence
Optimism
Persistence
" One can't be a successful investor without a healthy dose of confidence. To commit your own and others' hard-earned capital requires conviction, and conviction requires confidence. But as with fine brandy or coffee ice cream, too much of a good thing can be problematic. "
Whitney Tilson
Confidence
Coffee
Good
" When reviewing one's portfolio, it is important to be aware of common mental mistakes that may lead to bad decisions. The most powerful is commitment bias, which, as manifested in investing, is the tendency to fall in love with one's stocks. "
Whitney Tilson
Commitment
Love
Decisions
" I have long believed the corporate world is plagued by poor capital allocation decisions. "
Whitney Tilson
Decisions
World
Poor
" It's critical to have a disciplined investing approach and stick with it. "
Whitney Tilson
Critical
Investing
Stick
" Wall Street, in the main, hates uncertainty, which manifests itself in depressed share prices of companies whose prospects lack 'visibility.' But where the market can err is in confusing uncertainty with risk. "
Whitney Tilson
Risk
Uncertainty
Confusing
" Investing is a probabilistic business. Every once in a while, it's sort of like you're throwing six-sided dice, and anything except a one or a two, you're doing well. Statistically speaking, you throw the dice enough times, you're going to throw a one or a two five times in a row, and you're going to look pretty foolish, right? "
Whitney Tilson
Enough
You
Two
" I have encountered thousands of value investors over the years and am constantly struck by their differences - and their similarities. "
Whitney Tilson
Value
Over
Differences
" One of the best places to look for value is what I call 'babies thrown out with the bathwater' - in other words, scour the most out-of-favour sectors for good companies whose stocks have been crushed due to overblown concerns about the industry that do not, in fact, have an impact on the company. "
Whitney Tilson
Impact
Words
Value
" If you look at the history of technology gadget makers, hardware makers, it's littered with the corpses of Palm and RIM and companies like that. "
Whitney Tilson
Technology
Palm
You
" There is no sure-fire way to get rich quickly. In fact, the pursuit of that usually leads to ruin. "
Whitney Tilson
Way
Fact
Get
" Most chief executives rise to that position by being good operating managers. Few have extensive experience or training with capital allocation. What CEO wants to return excess cash to shareholders when it could be used to expand his or her empire? "
Whitney Tilson
Cash
Experience
Good
" While there's always plenty of room for improvement, our government is actually quite effective and efficient. Our military and judicial systems and national parks are the best in the world. Unlike in countries where government corruption is rampant, I've never once been solicited for a bribe. "
Whitney Tilson
Government
World
Improvement
" There are far too many ineffective teachers and, in particular, far too many truly terrible teachers who are harming children and poisoning the system. "
Whitney Tilson
System
Terrible
Teachers
" Just because a company's future is highly uncertain doesn't mean an investment in it is risky. In fact, some of the best potential investments are highly uncertain but have little risk of permanent capital loss. "
Whitney Tilson
Potential
Risk
Best
" When it comes to owning stocks of the best-known businesses in the world, value investors usually feel like children looking through the window of the candy store, unable to afford the treats inside because they refuse to pay the prices such high-quality franchises typically bear. "
Whitney Tilson
Window
Looking
Children
" I'd say the general outline of a sound investment approach is, first of all, you have to decide are you going to try to be an investor yourself? The answer for most people is probably they shouldn't try. You should put your money in index funds and not try to be a stock picker. "
Whitney Tilson
Yourself
You
Money
" Because I'm a very public figure, everybody knows what my returns are. "
Whitney Tilson
Because
Very
Public
" You just have to approach every day and say, 'If you were starting fresh today, what would my portfolio look like?' So that's how we think about it. "
Whitney Tilson
Think
Look
Every Day
" In the game of politics, both parties are sometimes guilty of passing really stupid laws that, in reality, are purely symbolic and have no real impact on anyone. "
Whitney Tilson
Reality
Game
Impact
" Small-company stocks, like any asset class, can get picked over from time to time, but there are fundamental reasons why diligently mining them with an eye for unrecognised value can get market-beating returns. "
Whitney Tilson
Over
Why
Class
" I think that most people who complain about our government have no idea what they're talking about because they've never been to a country with a bad government. "
Whitney Tilson
Think
People
Government