Any time the market is in a correction I like to remind myself how important it is to be patient, remain disciplined and control my emotions. A good way to do this is by revisiting some insightful quotes from some of history’s greatest investors.
Below are 10 of my favorite quotes for investors when going through corrections and bear markets:
#1: The best time to buy stocks is when prices are depressed…
“Buy when there’s blood in the streets, even if the blood is your own.”
-Baron Rothschild
#2: Market corrections are inevitable…
“You need to know the market’s going to go down sometimes. If you’re not ready for that, you shouldn’t own stocks. And it’s good when it happens.”
-Peter Lynch
#3: Be patient and think long-term…
“Invest for the long haul. Don’t get too greedy and don’t get too scared.”
-Shelby M.C. Davis
#4: A reminder not to sell out of fear…
“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
#5: Keep your emotions in check…
“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
#6: This too shall pass…
“Your success in investing will depend in part on your character and guts and in part on your ability to realize, at the height of ebullience and the depth of despair alike, that this too, shall pass.”
-Jack Bogle
#7: Don’t try to time the market…
“Far more money has been lost by investors trying to anticipate corrections, than lost in the corrections themselves.”
-Peter Lynch
#8: Stay the course…
“A 10% decline in the market is fairly common—it happens about once a year. Investors who realize this are less likely to sell in a panic, and more likely to remain invested, benefitting from the wealth building power of stocks.”
-Christopher Davis
#9: Find the opportunities…
“A market downturn doesn’t bother us. It is an opportunity to increase our ownership of great companies with great management at good prices.”
-Warren Buffett
#10: It pays to be an optimist…
“The intelligent investor is a realist who sells to optimists and buys from pessimists.”
-Benjamin Graham
Invest Wisely
Successful investing requires patience, discipline and the ability to control one’s emotions. These insights from some of the greatest investment minds in history will help you stay focused on wealth building principles.
