06 · Voices

Voices

The lines worth keeping, by the investors who wrote them — grouped by who said it and what it is about.

8 voices · 48 lines

Warren Buffett

Investor · Berkshire Hathaway

Chairman and chief executive of Berkshire Hathaway, and the best-known practitioner of the value approach he learned from Benjamin Graham.

12 lines · Patience, Temperament, Risk, Price and Value, Going Against the Crowd, the Long Game

Charlie Munger

Investor · Berkshire Hathaway

Vice chairman of Berkshire Hathaway and Warren Buffett's long-time partner, known for reasoning through a latticework of mental models.

10 lines · Temperament, Risk, Price and Value, Mistakes, the Long Game

Benjamin Graham

Investor · Author

Author of Security Analysis and The Intelligent Investor, and the man usually called the father of value investing.

6 lines · Risk, Price and Value, Going Against the Crowd

Howard Marks

Investor · Oaktree Capital

Co-founder of Oaktree Capital Management, whose client memos on risk and market cycles are widely read across the industry.

4 lines · Risk, Cycles and Crowds

Peter Lynch

Investor · Fidelity Magellan

Ran Fidelity's Magellan Fund through its best-known years and wrote One Up on Wall Street.

4 lines · Temperament, Mistakes

Jesse Livermore

Speculator

An early-twentieth-century speculator whose career and hard lessons are chronicled in Reminiscences of a Stock Operator.

4 lines · Patience, Mistakes

Seth Klarman

Investor · Baupost Group

Founder of the Baupost Group and author of Margin of Safety, a scarce and much-cited text on risk-averse value investing.

4 lines · Risk, Going Against the Crowd

John Bogle

Investor · Vanguard

Founder of Vanguard and creator of the first index mutual fund available to ordinary investors.

4 lines · Temperament, the Long Game