Day Trading vs. Long Term Investing, By Phil Town.
Updated: Nov 1, 2018
“An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return. Operations not meeting these requirements are speculative.” ― Benjamin Graham.
“Buy cheap and sell dear.” ― Benjamin Graham.
“invest only if you would be comfortable owning a stock even if you had no way of knowing its daily share price.” ― Benjamin Graham.
“A stock is not just a ticker symbol or an electronic blip; it is an ownership interest in an actual business, with an underlying value that does not depend on its share price.” ― Benjamin Graham.
“3 qualities of a good investor; Knowledge Courage & Patience.” ― Vijay Kedia.
“3 qualities of a good management; Honest Hungry & Smart.” ― Vijay Kedia.
“Your investment belongs to the market and your profits belong to you.”
― Vijay Kedia.
“Quality investing focuses on a company’s ability to invest capital at high rates of return: post-tax levels of high-teens (and higher) are possible. Three elements drive corporate cash return on investment: asset turns, profit margins and cash conversion. Asset turns measure how efficiently a company generates sales from additional assets, which can vary greatly depending on the asset intensity of the industry itself; margins reflect the benefits of those incremental sales; and cash conversion reflects a company’s working capital intensity and the conservatism of its accounting policies.” ― Lawrence A. Cunningham.
''Gross profit margin demonstrates competitive advantage: it is the purest expression of customer valuation of a product, clearly implying the premium buyers assign to a seller for having fashioned raw materials into a finished item and branding it.”
― Lawrence A. Cunningham.
“To achieve sustained high returns on capital requires possessing features that protect returns from competition; namely, competitive advantages. Identifying what these competitive advantages are and understanding their sustainability is an essential part of the quality investment process.” ― Lawrence A. Cunningham.
“Invest like a bull, sit like a bear and watch like an eagle. (mantra for long term investing)” ― Vijay Kedia.
“Multibagger mantra; find companies which are small in size: Medium in experience Large in aspiration & having an extra large market potential.” ― Vijay Kedia.
“Investing is like Yoga. Body, mind and soul have to be aligned.” ― Vijay Kedia.
“Chase the story behind the stock, not the money on the table. Money will make you rich, but the story will make you wealthy.” ― Vijay Kedia.
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