Johnson III QuotesEdward Johnson III QuotesIf there was a simple formula for success and it was easy to follow, everyone would be doing it.Fidelity does have a succession plan in place to ensure a smooth transition.Famous Quotes by Edward Johnson IIIAbby Johnson has agreed to become Chief Executive Officer of Fidelity, reflecting a further step forward in our leadership succession plan. Abby will retain her role of President, and I will continue to serve as Chairman of the Board.I would expect the family
Kenneth C. Griffin QuotesKenneth C. Griffin QuotesI had to learn to trust people, and I realized that success was going to be born in hiring really bright people – very self-motivated, very able to make good judgment calls day in and day out.It is often constructive to meet with a candidate for a particular office, but I believe what is most important is the candidate’s track recordCitadel’s Capital Market division plays an important role in our nation’s financial markets. Our broker-dealer is the
Charles R. Schwab QuotesCharles R. Schwab QuotesThere is nothing else that so kills the ambitions of a person as criticisms from superiors. I never criticize anyone. I believe in giving a person an incentive to work. So I am anxious to praise but loath to find fault. I have yet to find a person, however great or exalted his station, who did not do better work and put forth greater effort under a spirit of approval than he would ever do under a
Bruce Kovner QuotesBruce Kovner QuotesThe Heisenberg principle – If something is closely observed, the odds are it is going to be altered in the process. The more a price pattern is observed by speculators the more prone you have false signals; the more the market is a product of no speculative activity, the greater the significance of technical breakoutIt has been great fun to find these manuscripts and pull them together into this collection. I trust that what we are doing at the
Benjamin Graham QuotesBenjamin Graham QuotesBefore you invest, you must ensure that you have realistically assessed your probability of being right and how you will react to the consequences of being wrong.The chief losses to investors come from the purchase of low-quality securities at times of favourable business conditions.One example of a high-tech company that submits to a Graham type of analysis is Amazon.com. Though it does business exclusively on the Web, Amazon is essentially a retailer, and it may be evaluated in the
John Templeton QuotesJohn Templeton QuotesIf we become increasingly humble about how little we know; we may be more eager to search.An attitude of gratitude creates blessings. Help yourself by helping others. You have the most powerful weapons on earth – love and prayer.How wonderful it would be if we could help our children and grandchildren to learn thanksgiving at an early age. Thanksgiving opens the doors. It changes a child’s personality. A child is resentful, negative, or thankful. Thankful children want to give,
Thomas Rowe Price Jr. QuotesThomas Rowe Price Jr. QuotesEven the amateur investor who lacks training and time to devote to managing his investments can be reasonably successful by selecting the best-managed companies in fertile fields of growth, buying their shares and retaining them until it becomes obvious that they no longer meet the definition of a growth stock.It is better to be early than too late in recognizing the passing of one era, the waning of old investment favorites and the advent of
John Neff QuotesJohn Neff QuotesFundamental analysis consists largely of appraising corporate performance against industry or market benchmarks.I’ve never bought a stock unless, in my view, it was on sale.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
Jesse Livermore QuotesJesse Livermore QuotesThe stock market is never obvious. It is designed to fool most of the people, most of the time.In a narrow market, when prices are not getting anywhere to speak of but move within a narrow range, there is no sense in trying to anticipate what the next big movement is going to be. The thing to do is to watch the market, read the tape to determine the limits of the get nowhere prices, and make up your
Peter Lynch QuotesPeter Lynch QuotesI talk to hundreds of companies a year and spend hour after hour in heady pow-wows with CEO’s, financial analysts and my colleagues in the mutual-fund business, but I stumble onto the big winners in extracurricular situations, the same way you do.Logic is the subject that has helped me most in picking stocks, if only because it taught me to identify the peculiar illogic of Wall Street. Actually Wall Street thinks just as the Greeks did. The early Greeks
John C. Bogle QuotesJohn C. Bogle QuotesWithout getting into brothels, there are ethical capitalists the problem is that there aren’t enough of them. It is not “just a few bad apples” that have been evident in our corporations, our investment bankers and our mutual funds, but so many that one has to concede that the barrel itself needs some work.The grim irony of investing, then, is that we investors as a group not only don’t get what we pay for, we get precisely