“Investing without research is like playing poker without looking at the cards.”
“Great stocks are extremely hard to find. If they weren’t, then everyone would own them.”
Philip A. Fisher, author of ‘Common Stocks & Uncommon Profits’
“Most men would rather die than think. Many do.”
“Hollow vessels make the greatest sound.”
“When you buy a stock for its book value, you have to have a detailed understanding of what those values really are. At Penn Central, tunnels through mountains and useless rail cars counted as assets.”
“A fully fledged economic ...