54条关于投资与人生的经典名言
"The four most dangerous words in investing are: 'This time it is different.'"
— John Templeton
"Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria."
— John Templeton
"The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell."
— John Templeton
"Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria. The time of maximum pessimism is the best time to buy."查看深度解读 →
"If you search worldwide, you will find more bargains and better bargains than by studying only one nation. The best values are found where others aren't looking."查看深度解读 →
"The best opportunities are found in the most neglected, overlooked, and unloved parts of the market. That's where the real bargains hide."查看深度解读 →
"The time to buy the best quality stocks is when they are temporarily depressed. Quality always recovers, but you must have patience."查看深度解读 →
"Companies with strong balance sheets can survive adversity and emerge stronger. Financial strength is the foundation of long-term survival."查看深度解读 →
"Look for companies whose management has a proven track record of creating shareholder value. Past performance of management is the best predictor."查看深度解读 →
"Before making any investment, study the situation thoroughly. Know everything about the company, the industry, and the country."查看深度解读 →
"Expand your knowledge beyond your home country. The investor who studies only domestic markets is like the farmer who plants only one crop."查看深度解读 →
"Never invest in a company you can't explain simply. If you don't understand it, you can't evaluate its prospects."查看深度解读 →
"It is impossible to produce superior performance unless you do something different from the majority. To buy when others are despondently selling requires the greatest fortitude."查看深度解读 →
"The only investors who shouldn't diversify are those who are right 100% of the time. Diversify across nations and across industries."查看深度解读 →
"For all long-term investors, there is only one objective: maximum real total return after taxes. Never forget the erosion of inflation."查看深度解读 →
"If you buy the same securities everyone else is buying, you will have the same results. Patience to hold undervalued stocks until they recover is essential."查看深度解读 →
"I never ask if the market is going to go up or down because I don't know. I buy bargains and hold for an average of five years."查看深度解读 →
"The best time to invest is when you have money. Attempting to time the market is a losing strategy over the long run."查看深度解读 →
"People who buy for price trends, technical charts, or momentum are speculating. An investor buys what has good fundamental value."查看深度解读 →
"The best bargains come during periods of crisis when fear drives prices far below intrinsic value. Crisis creates opportunity for the prepared investor."查看深度解读 →
"To find the best bargains, focus on the most unpopular countries and the most unpopular industries within those countries."查看深度解读 →
"The only reason to sell a stock is when you find a much better bargain to replace it. Always upgrade your portfolio toward better value."查看深度解读 →
"Regularly review your investments. Markets change, companies change, and values change. What was a bargain may no longer be one."查看深度解读 →
"When an investment's price rises far above its intrinsic value, sell it. The discipline to sell into euphoria is as important as the courage to buy into panic."查看深度解读 →
"To buy when others are despondently selling and to sell when others are avidly buying requires the greatest fortitude and pays the greatest reward."查看深度解读 →
"An investor who has all the answers doesn't even understand the questions. Humility is the foundation of good judgment in markets."查看深度解读 →
"A thankful heart leads to greater prosperity. Begin each day with gratitude and prayer, and your judgment will be clearer."查看深度解读 →
"An investor who concentrates on just one market is like a person who lives in one room of a mansion. Look everywhere for the best values."查看深度解读 →
"How wonderful it would be if we could help people develop the same type of devotion for helping others as they have for buying stocks. Invest with purpose beyond profit."查看深度解读 →
"Keep an open mind. The most important trait for an investor is not intellect but temperament. Be flexible and willing to change your mind."查看深度解读 →
"When analyzing an industry, look at it from a global perspective. An industry that's mature in one country may be growing rapidly in another."查看深度解读 →
"Judge a company's competitive advantage in the context of global competition. A domestic leader may be vulnerable to international competitors."查看深度解读 →
"Companies in emerging markets often grow faster than those in developed markets. The key is finding quality companies at reasonable prices in growing economies."查看深度解读 →
"Those who give generously receive more than they give. True wealth is measured not by what you accumulate but by what you give back."查看深度解读 →
"The more you learn, the more you earn. Never stop learning about markets, companies, countries, and human nature."查看深度解读 →
"Success in investing requires not superior intellect but superior character: patience, discipline, and the courage to act against the crowd."查看深度解读 →
"To get the best returns, search for companies worldwide with the lowest price-to-earnings ratios and the best growth prospects."查看深度解读 →
"My approach has always been to look for companies whose stock is selling for less than its true worth. Like finding ten-dollar bills selling for five dollars."查看深度解读 →
"The stock that everyone is talking about is usually the most overpriced. The best values are found in the forgotten corners of the market."查看深度解读 →
"The four most dangerous words in investing are 'this time it's different.' Fear and greed always drive markets to extremes."查看深度解读 →
"Successful investing requires emotional discipline. You must be willing to stand alone against the crowd when your analysis says the crowd is wrong."查看深度解读 →
"The time of maximum optimism is the best time to sell, and the time of maximum pessimism is the best time to buy. This is the essence of understanding Mr. Market."查看深度解读 →
"Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria. Know where you are in the cycle."查看深度解读 →
"Stock prices fluctuate much more than values. Most people get confused between the price of a stock and its value. Price is what you pay; value is what you get."查看深度解读 →
"Invest for maximum total real return. Invest, don't trade or speculate. Remain flexible and open-minded about types of investment. Buy low, sell high. Have a systematic approach."查看深度解读 →
"Begin each meeting with a prayer. Spiritual principles applied to investing lead to greater wisdom, patience, and humility — the foundations of good investment judgment."查看深度解读 →
"Keep meticulous records of every investment decision, the reasoning behind it, and the outcome. This self-audit system is essential for improvement."查看深度解读 →
"The time to sell is before the crash, not after. Sell when optimism is at its peak and better opportunities exist elsewhere."查看深度解读 →
"It is impossible to produce superior performance unless you do something different from the majority. Be flexible in your approach."查看深度解读 →
"Never buy a stock without thorough research. Know what you own and why you own it."查看深度解读 →
"The only investors who shouldn't diversify are those who are right 100% of the time. For the rest of us, patience and diversification are key."查看深度解读 →
"An investor who has all the answers doesn't even understand the questions. Humility is essential for long-term success."查看深度解读 →
"If you want to have a better performance than the crowd, you must do things differently from the crowd."查看深度解读 →
"Search for value where others aren't looking. The best opportunities are often in the most unpopular sectors or countries."查看深度解读 →
"The best bargains are often in countries that other investors have abandoned. Think globally, not just domestically."查看深度解读 →
"The four most dangerous words in investing are: 'This time it's different.' Markets cycle. Human nature doesn't change."查看深度解读 →
"Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria. The time of maximum pessimism is the best time to buy."查看深度解读 →
"The four most dangerous words in investing are: 'This time it is different.'"
我们精选了54条经过验证的John Templeton名言，每条都附有出处和深度分析。
John Templeton frequently discusses value investing, risk management, and long-term thinking.