11 John Neff Good Investment Quotes.

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“Buy not on optimism, but on arithmetic.” – Benjamin Graham

John B. Neff, CFA, was born on September 19, 1931. He was an American investor, mutual fund manager, and philanthropist. He was notable for his contrarian and value investing styles as well as for heading Vanguard’s Windsor Fund. He died on June 4, 2019

Source – Wikipedia

11 John Neff good investment quotes:.

  1. Never say ‘never’ in the wonderful world of stock market fluctuations

2. Brand-name growth stocks ordinarily command the highest P/E ratios. Rising prices beget attention, and vice versa – but only to a point. Eventually their growth rate can diminish as results revert towards normal. Maybe not in all cases, but often enough to make a long-term bet. Bottom line: I wouldn’t want to get caught in a rush for the exit, much less get left behind. Only when big growth stocks fall into the dumper from time to time am I inclined to pick them up – and even then, only in moderation

3. It’s not always easy to do what’s not popular, but that’s where you make your money. Buy stocks that look bad to less careful investors and hang on until their real value is recognized.

4. I’ve never bought a stock unless, in my view, it was on sale.

5. Investment success does not require glamour stocks or bull markets.

6. I don’t want a lot of good investments; I want a few outstanding ones.

7. Obsession with broad diversification is the sure road to mediocrity

8. An awful lot of people keep a stock too long because it gives them warm fuzzies – particularly when a contrarian stance has been vindicated. If they sell it, they lose bragging rights.

9. Successful stocks don’t tell you when to sell. When you feel like bragging, it’s probably time to sell.

10. Buy on the cannons and sell on the trumpets.

11. I don’t read, much less follow, the valuations or predictions. I study the numbers.

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