Words of Wisdom

Wisdom From Great Investors

P.A. Nash’s years of experience as an advisor has seen these to be absolutely true. These are people with more years of experience than most of us, and with considerable “skin in the game” and an excellent reputation. We’d like to share their words with you:

Keep Your Emotions in Check

“The investor’s chief problem – and his worst enemy – is likely to be himself. In the end, how your investments behave is much less important than how you behave.” – Benjamin Graham

“A lot of people with high IQs are terrible investors because they’ve got terrible temperaments. You need to keep raw, irrational emotion under control.” – Charlie Munger

Disregard Forecast

“Thousands of experts study overbought indicators, head-and-shoulder patterns, put-call ratios, the Fed’s policy on money supply… and they can’t predict markets with any useful consistency, any more than the gizzard squeezers could tell the Roman emperors when the Huns would attack.” – Peter Lynch

“The function of economic forecasting is to make astrology look respectable.” – John Kenneth Galbraith

“I make no attempt to forecast the market – my efforts are devoted to finding undervalued securities.” – Warren Buffett


Don’t Try to Time the Market

“The idea that a bell rings to signal when to get into or out of the stock market is simply not credible. After nearly fifty years in this business, I don’t know anybody who has done it successfully and consistently. I don’t even know anybody who knows anybody who has.” – Jack Bogle

“Far more money has been lost by investors trying to anticipate corrections, than lost in the corrections themselves.” – Peter Lynch

“Though tempting, trying to time the market is a loser’s game. $10,000 continuously invested in the market over the past 20 years grew to almost $40,130. If you missed just the best 30 days, your investment was reduced to $8,332.” – Christopher Davis


Be Patient and Think Long Term

“The stock market is a device to transfer money from the impatient to the patient.” – Warren Buffett

“Invest for the long haul. Don’t get too greedy and don’t get too scared.” – Shelby M.C. Davis

“The best way to measure your investing success is not by whether you’re beating the market but whether you’ve put in place a financial plan and a behavioral discipline that are likely to get you where you want to go.” – Benjamin Graham


A Market Correction is an Opportunity

“A market downturn doesn’t bother us. It is an opportunity to increase our ownership of the great companies with great management at good prices.” – Warren Buffett

“The intelligent investor is a realist who sells to optimists and buys from pessimists.” – Benjamin Graham

“You make most of your money in a bear market, you just don’t realize it at the time.” – Shelby Cullom Davis


StrongTower Investments

176 Old US Route 60
Ona, WV 25545

P#: (304) 743-2111

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