6 smart investing quotes

A great way to get smarter about investing — and ideally, to enjoy better investing results — is to learn from successful and savvy investors. Here are a few insightful quotations attributed to some of them.

BURTON G. MALKIEL >> “Put time on your side. Start saving early and save regularly. Live modestly and don't touch the money that's been set aside.” This reminds us how simple successful investing can be. It takes discipline, though.

WARREN BUFFETT >> “The stock market is a device which transfers money from the impatient to the patient.” Successful investing doesn't require a lot of buying and selling. For best results, expect to wait for many years while your investments grow.

CHRISTOPHER DAVIS >> “A 10% decline in the market is fairly common — it happens about once a year. Investors who realize this are less likely to sell in a panic, and more likely to remain invested, benefitting from the wealthbuilding power of stocks.” Don't panic, and expect volatility. Stay the course.

PETER LYNCH >> “Thousands of experts study overbought indicators, oversold indicators, head-andshoulder patterns, put-call ratios, the Fed's policy on money supply, foreign investment ... and they can't predict markets with any useful consistency, any more than the gizzard squeezers could tell the Roman emperors when the Huns would attack.” If you invest in simple, lowfee S&P 500 or other index funds, you're likely to outperform many Wall Street pros over long periods.

BENJAMIN FRANKLIN >> “An investment in knowledge pays the best interest.” The more you learn, the better you can do. Aim to read widely about investing and personal finance topics. You'll find a lot of wisdom in newspapers, magazines, books and online articles. Invest in yourself.

BENJAMIN GRAHAM >> “The best way to measure your investing success is not by whether you're beating the market but by whether you've put in place a financial plan and a behavioral discipline that are likely to get you where you want to go.” Amen.