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There are three important principles to Graham's approach. [The first is to look at stocks as fractional shares of a business, which] gives you an entirely different view than most people who are in the market. [The second principle is the margin-of-safety concept, which] gives you the competitive advantage. [The third is having a true investor's attitude toward the stock market, which] if you have that attitude, you start out ahead of 99 percent of all the people who are operating in the stock market - it's an enormous advantage.
Warren Buffett[In picking stocks] You really have to know a lot about business. You have to know a lot about competitive advantage. You have to know a lot about the maintainability of competitive advantage. You have to have a mind that quantifies things in terms of value. And you have to be able to compare those values with other values available in the stock market.
Charlie MungerThe key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage.
Warren BuffettThere must always be some advantage on one side or the other, and it is better that advantage should be had by talents than by chance.
Samuel JohnsonThere are a number of attributes of species and populations that are not of any particular selective advantage to any single individual in a population but that are of great advantage to the population as a whole.
Ernst MayrThe number one idea is to view a stock as an ownership of the business and to judge the staying quality of the business in terms of its competitive advantage. Look for more value in terms of discounted future cash-flow than you are paying for. Move only when you have an advantage.
Charlie MungerHey-ho, it's raining inside: it isn't my fault and there's nothing I can do about it, but sit it out. But the sun may well come out tomorrow and when it does, I shall take full advantage.
Stephen FryTolling plan is a wonderful opportunity for political pandering, and some candidates are taking full advantage of it.
Robert James ThomsonIf an agency is the ultimate judge in every case of conflict, then it is also judge in all conflicts involving itself. Consequently, instead of merely preventing and resolving conflict, a monopolist of ultimate decision making will also cause and provoke conflict in order to settle it to his own advantage. That is, if one can only appeal to the state for justice, justice will be perverted in the favor of the state, constitutions and supreme courts notwithstanding.
Hans-Hermann HoppeWell, I love having kids. But I have the advantage of having a lot of help, a real hands-on husband and small children whom I can easily manipulate.
Jane KaczmarekWe all know that a sympathetic and intelligent listener not only flatters our vanity, but also frequently enables us to crystallize our own ideas to the best advantage. Why, then, do we so often refuse to perform this service?
Thomas F. WilsonThough some still see the Internet, for example, as a democratic structure for international individual expression, it is more realistic to recognize it as only the latest technological vehicle to be turned, sooner or later, to corporate advantage - for advertising, marketing and general corporate aggrandizement.
Herbert SchillerRule number one of the wizarding business. Never let them see you sweat. People expect us to know things. It can be a big advantage. Donโt screw it up by looking like youโre as confused as everyone else. Bad for the image.
Jim ButcherThe way I make music is just a reflection of how I think music should be made. Where you sit in a studio, and you make music, and you use technology to your advantage, not to hide all the blaring mistakes.
Corey TaylorLearn to self-conquest, persevere thus for a time, and you will perceive very clearly the advantage which you gain from it.
Teresa of AvilaEnterprise is first creativity. You need creativity to see what's out there and shape it to your advantage. You need creativity to look at the world a little differently. You need creativity to take a different approach, to be different.
Jim RohnLucy was suffering from the most grievous wrong which this world has yet discovered: diplomatic advantage had been taken of her sincerity, of her craving for sympathy and love. Such a wrong is not easily forgotten. Never again did she expose herself without due consideration and precaution against rebuff. And such a wrong may react disastrously upon the soul.
E. M. ForsterDemocrats came into the race with a structural advantage in the Electoral College. Their big blue wall - the states that Democrats have won in the past six presidential elections - gave [Hillary] Clinton a strong base to build on.
Mara LiassonIn old age, you realise that while you're divided from your youth by decades, you can close your eyes and summon it at will. As a writer it puts one at a distinct advantage.
Penelope LivelySometimes, when my wife and I were going out to dinner, I would take my laptop with me and work in the car, so as to take advantage of the half hour going and coming.
Thomas FriedmanAn alliance is like a chain. It is not made stronger by adding weak links to it. A great power like the United States gains no advantage and it loses prestige by offering, indeed peddling, its alliances to all and sundry. An alliance should be hard diplomatic currency, valuable and hard to get, and not inflationary paper from the mimeograph machine in the State Department.
Walter LippmannI've tried Botox, I've tried them all. I'm definitely not one of those people who says, 'You shouldn't do this.' Everyone can individually do what they want. For all time women have wanted to, for the most part, look their best. It's just that what we have available to us today is what it is today and if you want to take advantage of it, yeah.
Kylie MinogueMore often than not Democratic Law works to the advantage of the few even though the many have voted; this, of course, is because the few have told them how to vote.
Charles BukowskiAmericans need not fear the federal government because they enjoy the advantage of being armed, which you possess over the people of almost every other nation.
James MadisonDuring civil disturbance adopt such an attitude that people do not attach any importance to you - they neither burden you with complicated affairs, nor try to derive any advantage out of you.
Ali ibn Abi TalibThere is a tendency among men as well as women ... so soon as they have acquired a little knowledge of some kind, to want to display it to the best advantage.
Murasaki ShikibuFerguson argued that British involvement in World War I was unnecessary, far too costly in lives and money for any advantage gained, and a Pyrrhic victory that in many ways contributed to the end of the Empire.
David Harsanyi[Donald] Trump`s campaign, the Republican National Committee and state parties employ just 1,409 staffers in 16 states. So, nearly for the one, democratic advantage in human resources, the big question now is, how well does that turn out machinery work for democrats for Election Day?
Chris HayesStrange as it may seem, there is nothing in which a young and beautiful female appears to more advantage than in the art of smoking.
Herman MelvilleThe man above has given me some unbelievable abilities to play the game of basketball. I just try to take advantage of it every night. I got the trust of my teammates and my coaching staff to go in there and let it go.
LeBron JamesThe Christian has greatly the advantage of the unbeliever, having everything to gain and nothing to lose.
Lord ByronWe have a rare chance to pursue a new path, a different, better future that delivers progress for both our peoples and the wider world. That's the opportunity before the Iranian people. We need to take advantage of that.
Barack ObamaGetting down on all fours and imitating a rhinoceros stops babies from crying. (Put an empty cigarette pack on your nose for a horn and make loud "snort" noises.) I don't know why parents don't do this more often. Usually it makes the kid laugh. Sometimes it sends him into shock. Either way it quiets him down. If you're a parent, acting like a rhino has another advantage. Keep it up until the kid is a teenager and he definitely won't have his friends hanging around your house all the time.
P. J. O'RourkeI was 35 when I first hit with Star Wars. I had some degree of maturity and some degree of experience, yet physically I still looked young. That had been an impediment early on in my career, but then it turned out to be an advantage.
Harrison FordA society's competitive advantage will come not from how well its schools teach the multiplication and periodic tables, but from how well they stimulate imagination and creativity.
Albert EinsteinThe great advantage of being in a rut is that when one is in a rut, one knows exactly where one is.
Arnold BennettCombinations of wickedness would overwhelm the world, by the advantage which licentious principles afford, did not those who have long practised perfidy grow faithless to each other.
Samuel JohnsonWell, first of all the Dominion Bureau of Statistics made a survey in the spring of 1970, which showed that on balance the difference in the cost of living between Canadian cities and American cities was 5 % to the advantage, of course, to the Canadian cities.
Leonard WoodcockItโs not manly to hurt others or belittle them. Respect and kindness require more courage because people take advantage of those.
Sherrilyn KenyonOver the past six years [since implementing RIMS] we have added very few additional full-time jobs, but we have brought in $120 million of new business . . . These efficiencies have really given us the ability to take advantage of new opportunities and expand our business.
Don RichardsonThe man who doesn't read good books has no advantage over the man who can't read them. It is said that leaders are readers. However if they read trashy magazines for the majority of their time and they never run with the information that they glean from resourceful books, then they may as well have not taken any time to read at all. It is easier to stay out than get out.
Mark TwainNobody looks like they did when they were 20, so why not take advantage of the fact that you're changing, emotionally as well as physically?
Clint Eastwood