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"When things are going well, it’s hard to imagine that they could ever go poorly. And when things are going poorly, it’s hard to imagine that they could ever go well again"

Translations

“Successful investing requires a careful balancing of objective analysis and subjective con...”

Howard S. Marks

“You can’t predict people’s emotions Don't even try. Instead, wait for those emotions t...”

“The biggest investing errors come not from factors that are informational or analytical, b...”

“The themes of cycles are really the only things you have to understand in order to underst...”

FEATURED QUOTES

“When making a decision of minor importance, I have always found it advantageous to conside...”

“First they ignore you, then they laugh at you, then they fight you, then you win.”

“You make your own luck by working really hard and trying lots and lots of things”

“It is looking at things for a long time that ripens you and gives you a deeper meaning.”

“When someone else's happiness is your happiness, that is love”

“I think it’s very important to have a feedback loop, where you’re constantly thinking ...”

“To accept one’s past—one’s history—is not the same thing as drowning in it; it is ...”

“You have to remember something: Everybody pities the weak; jealousy you have to earn.”

“The only man who never makes mistakes is the man who never does anything.”

“I very frequently get the question, “What’s going to change in the next ten years?” ...”