Selected 100 classic quotes from 12 of the world's top investors

Covering value investing, risk control, market psychology, and life philosophy, hoping to inspire you.
1. Warren Buffett (Warren Buffett)
The Oracle of Omaha, founder of Berkshire Hathaway
1. Be fearful when others are greedy, and greedy when others are fearful.
2. If you're not willing to hold a stock for 10 years, don't even hold it for 10 minutes.
3. Only when the tide goes out do you discover who's been swimming naked.
4. Invest in businesses, not stocks.
5. When a strong company faces a huge but resolvable crisis, a great investment opportunity quietly appears.
6. Price is what you pay; value is what you get.
7. My favorite holding period is forever.
8. Don't invest in a company if you can't describe its business clearly in simple language.
9. Risk comes from not knowing what you're doing.
10. The true pursuit in life is a job you can stick with even without money.
2. George Soros (George Soros)
Financial tycoon, co-founder of Quantum Fund
1. Speculation is like the law of the jungle—attacking the weak.
2. Judging right or wrong isn't important; what's important is how much profit you make when you're right and how much you lose when you're wrong.
3. I was born poor, but I will never die in poverty.
4. Take risks; there's nothing to blame. But remember, never bet everything on one throw.
5. My superpower is recognizing my mistakes.
6. The market is always wrong.
7. When you're confident about a trade, deliver a fatal blow; otherwise, step back.
8. What's important isn't whether you're right or wrong, but how much you make when you're right and how much you lose when you're wrong.
9. Financial markets are beyond morality; they have their own rules.
10. Only by mastering the instincts of the masses can you control the market.
3. Benjamin Graham (Benjamin Graham)
Father of value investing, author of "The Intelligent Investor"
1. The market is like a pendulum, always swinging between short-lived optimism and unreasonable pessimism.
2. Intelligent investors are realists—they sell stocks to optimists and buy from pessimists.
3. The only thing that never falls into a bear market is foolish ideas.
4. The market is not a weighing machine; it's a voting machine.
5. The correct attitude towards price fluctuations is the touchstone of all successful stock investing.
6. Even smart investors need strong willpower to stand apart from the herd.
7. Margin of safety always depends on the price paid.
8. Mistakes caused by the stock market will eventually be corrected by the market itself.
9. The art of investing has a little-known nature: ordinary investors can achieve reliable and even gratifying results with minimal effort and ability.
10. If you can't stand loneliness, you can't be an excellent investor.
4. Peter Lynch (Peter Lynch)
Legendary fund manager, manager of Magellan Fund
1. Investing without research is like playing poker without looking at your cards—inevitably a failure.
2. Ultimately, your own decisions determine your fate.
3. Markets are born in despair, grow in doubt, mature in hope, and perish in optimism.
4. If you can't explain why you're holding a company to an 11-year-old in a minute, you shouldn't buy its stock.
5. Declines are not risks; ignorance is.
6. Selling profitable stocks and holding losing stocks is like cutting flowers and watering weeds.
7. Ten-bagger stocks are "squatted" out, not "chased" out.
8. Make trends your friends.
9. The company's condition is 100% correlated with the stock's condition.
10. Cyclical stocks should be bought when P/E ratios are high and sold when low.
5. Charlie Munger (Charlie Munger)
Warren Buffett's golden partner, Vice Chairman of Berkshire Hathaway
1. Admitting your ignorance is the beginning of wisdom.
2. Think in reverse, always think in reverse.
3. If I knew where I would die, I would never go there.
4. Every morning, strive to be a little smarter than the day before.
5. The most reliable way to get what you want is to deserve it.
6. Don't wrestle with the same pig; you'll get dirty, and the pig enjoys it.
7. Avoid dealing with people with questionable morals.
8. Never deceive yourself.
9. Simple and straightforward principles are more important than complex techniques.
10. Seize a few truly good opportunities and wait quietly.
6. Philip Fisher (Philip Fisher)
Father of growth investing
1. Hold on tightly to growth stocks.
2. Don't dance with the crowd.
3. The funniest thing about the stock market is that everyone who buys and sells at the same time thinks they are smarter than the other.
4. You can never fully understand yourself or all aspects of the market.
5. Cash is an important health indicator for any company.
6. In this competitive era, even excellent products or services won't survive without good marketing.
7. Investors seeking significant capital growth should downplay the importance of dividends.
8. When investing in stocks, understand the company's operations thoroughly; don't be fooled by false numbers.
9. To succeed continuously, rely on skills and good principles.
10. Gossip method: gather information from competitors, suppliers, and customers.
7. Jim Rogers (Jim Rogers)
Co-founder of Quantum Fund, global traveler and investor
1. If I only act according to my understanding, rather than letting others tell me what to do, it will be both easy and profitable.
2. Never lose money; do what you know well, and invest only when a great opportunity appears.
3. I’ve never cared about market ups and downs; I only care if the market meets my investment standards.
4. I can guarantee the market is always wrong. Think independently.
5. One rule of investing is to stay hands-off unless something major happens.
6. Most investors like to jump in and out, looking for something to do. They can't sit still and wait for the natural development of the trend.
7. When media opinions are one-sided, calmly stand against them.
8. Wait for catalytic factors to appear.
9. Study history and philosophy; it's better than going to business school.
10. If you work very hard and love your work, success is possible.
8. John Bogle (John Bogle)
Father of index funds, founder of Vanguard Group
1. If you win every mile of a marathon but drop out halfway, you won't get any medals.
2. In investing, you get what you don't pay for. When you pay for fancy buildings and high salaries for managers, you sacrifice returns.
3. Don't look for a needle; just buy the whole haystack.
4. Time is your friend; impulsiveness is your enemy.
5. Index funds are a wise choice for individual investors.
6. Successful investing is about choosing simplicity and avoiding complexity.
7. Stick to your beliefs, especially in tough times.
8. Common principle: always prioritize the interests of fund holders.
9. Investment returns are ultimately driven by corporate profits.
10. Ignore market noise.
9. Howard Marks (Howard Marks)
Co-founder of Oaktree Capital
1. All glory cycles.
2. The most important thing is not to pursue high risk and high return but to control risk.
3. We can't predict the market, but we can prepare.
4. The best buying opportunities often come with the worst news.
5. If you can avoid big losses, profits will take care of themselves.
6. When the market is extremely overheated, sell; when extremely pessimistic, buy.
7. Investing isn't about who runs the fastest but who survives the longest.
8. The extremity of cycles mainly stems from human emotions and impulses.
9. Embrace uncertainty and look for opportunities within it.
10. Rule one: most things are cyclical. Rule two: when others forget rule one, your biggest opportunity appears.
10. Ray Dalio (Ray Dalio)
Founder of Bridgewater Associates, author of "Principles"
1. Pain + Reflection = Progress.
2. If you're not worried, you haven't realized the risk; if you're worried, you can't make rational decisions.
3. To understand the market, you must understand how the economic machine works.
4. I recommend diversification through asset allocation because there are declines and rises; understand why they go up and down.
5. The most important thing is to have a very good investment portfolio that can keep you safe in an uncertain future.
6. To have the best life, you must know what the best decisions are and have the courage to make them.
7. View the market and yourself from a higher perspective.
8. Treat everything as a machine, including the market.
9. Stay humble so you can get advice from those who know more than you.
10. Principles are the bridge connecting your values and actions.
11. Ishikawa Zenzo
Japanese stock god
1. An investor's mindset must be as slow as a turtle—observe carefully and trade cautiously.
2. Eat until you're 80% full.
3. Keep a daily eye on economic and stock market changes, and study them yourself.
4. Don't be overly optimistic; don't think the stock market will keep rising forever.
5. Choose promising future stocks that haven't yet been recognized by the world and hold them long-term.
6. Before I entered, I already knew when to exit.
7. The stock market is full of rumors.
8. Unexpected events can happen at any time, so remember that investing in stocks always involves risk.
9. Don't jump in just because newspapers or magazines publish bullish topics.
10. Trading isn't about buying low and selling high; in fact, it's about buying high and selling even higher.
12. André Kostolany (André Kostolany)
German speculation master, Europe's securities godfather
1. Crashes are usually preceded by surges, and surges end with crashes—repeating over and over.
2. People don't die from diseases but from the medicine given to them.
3. Money in the securities market is like oxygen for breathing, gasoline for engines.
4. Speculation is an art, not a science.
5. Breakouts after price consolidation are often worth the risk.
6. The stocks of the most famous listed companies are most prone to over-speculation.
7. Stocks will never be too high to start buying, nor too low to start selling.
8. Any software is only as smart as its programmer.
9. When market trends are unclear, it's better to stay on the sidelines.
10. Only stocks with good performance have strong resilience to drops.