There may be less of a chance of losing all the money you put into a mutual fund than there is of losing all the money you put into lottery tickets, but you’re never going to win big in a mutual fund.

Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.

In the world of money and investing, you must learn to control your emotions.

Don’t gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don’t go up, don’t buy it.

Bring your desires down to your present means. Increase them only when your increased means permit.

Many people take no care of their money till they come nearly to the end of it, and others do just the same with their time.

If there’s one thing that’s certain in business, it’s uncertainty.

The wise man does not expose himself needlessly to danger, since there are few things for which he cares sufficiently; but he is willing, in great crises, to give even his life – knowing that under certain conditions it is not worthwhile to live.

Some people, through luck and skill, end up with a lot of assets. If you’re good at kicking a ball, writing software, investing in stocks, it pays extremely well.

One of the reasons so many people get burned in the market is because they start buying as they see prices going up.

People who lie to themselves about investing are the same as overweight people who blame their genes for their obesity.

Learn to invest in investments where you can achieve an honest, legal advantage over other investors. When it comes to investing, why play on a level field?

Being a stunt coordinator, I have to take care not only of myself but I have to make sure everyone is safe.

I remember thinking quite logically that I didn’t want to spoil my children with wealth and so that I would create a foundation, but not knowing exactly what it would focus on.

Many people will have nothing at the end of their working lives.

We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.

If you must invest in paper, learn to be an options trader. Then you will know how to make money whether the markets are going up or down.

It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.

Warren Buffett is famous for talking about the ‚intrinsic value‘ of stocks. But while many people parrot this phrase, few know what it really means.

Today people who hold cash equivalents feel comfortable. They shouldn’t. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.

Investing for the poor requires participation from the entire community.

My number one thing? Don’t overleverage yourself. Don’t say you can do something when you really can’t.

I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.

Even the securest financial plan and the finest health coverage aren’t enough to hold us steady when the challenges come… We need something more, something deeper and unshakeable, something that will see us through life’s hard times.

Invest three percent of your income in yourself (self-development) in order to guarantee your future.

You’ve got to invest in the world, you’ve got to read, you’ve got to go to art galleries, you’ve got to find out the names of plants. You’ve got to start to love the world and know about the whole genius of the human race. We’re amazing people.

People clinging to job security, savings, retirement plans, and other relics will be the ones financially-ravaged from 2010-2020, the most volatile world-changing decade in history.

Working hard to earn more money and then giving it away in higher taxes isn’t financially intelligent, even if you do put some of it into a retirement account.

I think any statement about stock prices is always suspect unless it’s made by Warren Buffett.

Demographics show that we are entering a battle between young and old. I call it the ‚Age War.‘ The young want to hang onto their money to grow their families, businesses, and wealth. The old want the tax and investment dollars of the young to sustain their old age.

Wide diversification is only required when investors do not understand what they are doing.

What we have to find is the right level of regulation of our financial system so that it has the incentive to invest in things, but at the same time, it is sufficiently regulated so it can’t get in the kind of trouble that we have seen in the past and we have seen recently.

It’s rare for a startup to make money immediately, so you need to make sure that you have enough saved or that you have another income stream that can support you.

He that’s secure is not safe.

An important priority for me is a business must get their own house in order. Be or become an agent of positive change in your own enterprise and adopt responsible practices to eliminate the risks that often lie at the root of inequality and poverty.

If all you’re doing is grinding for the man, it’s going to burden you. Once you say, ‚Hey, I’m grinding for the man, but I’m putting money away, and this is part of my exit strategy,‘ you’re working for you.

We can’t get to the $4 trillion in savings that we need by just cutting the 12 percent of the budget that pays for things like medical research and education funding and food inspectors and the weather service. And we can’t just do it by making seniors pay more for Medicare.

The only question with wealth is, what do you do with it?

Giving should be entered into in just the same way as investing. Giving is investing.

Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.

One pillar to wealth is having residual income.

I have a problem with too much money. I can’t reinvest it fast enough, and because I reinvest it, more money comes in. Yes, the rich do get richer.

It’s OK to have your eggs in one basket as long as you control what happens to that basket.

Measure your wealth by what you’d have left if you lost all your money.

Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.

Financial freedom is available to those who learn about it and work for it.

If you don’t like the idea that most of the money spent on lottery tickets supports government programs, you should know that most of the earnings from mutual funds support investment advisors‘ and mutual fund managers‘ retirement.

Our favorite holding period is forever.

Jim Cramer is a very smart man. I watch his show. I just do not follow his advice.

Money has to serve, not to rule.

I try to treat all the money I’m making like it’s the last time I’m going to make it.

It is not how much one makes but to what purpose one spends.

The rich don’t work for money – the rich invent money.

I don’t invest in ideas because ideas are a dime a dozen. I could steal the idea pretty quickly.

During the Enron debacle, it was workers who took the pounding, not bankers. Not only did Enron employees lose their jobs, many lost their retirement savings. That’s because they were at the bottom of the investing food chain.

If I was a billionaire, I’d be smart with my money.

An active investor is someone who actually lives off their investments as opposed to wages from a job.

Time is money.

Money is like an arm or leg – use it or lose it.

The investor of today does not profit from yesterday’s growth.

Beware of little expenses. A small leak will sink a great ship.