Malcy's Blog (O&G)
Sector PEs and yields (Shares Magazine)
"You make most of your money in a bear market, you just don't realise it at the time."
"I'm only rich because I know when I'm wrong."
"By not relying on this [human misjudgment], and not understanding this, it was costing me a lot of money." The Psychology of Human Misjudgment - Charlie Munger Audio recording
"I've gotten so that I now use a kind of two-track analysis. First, what are the factors that really govern the interests involved, rationally considered? And second, what are the subconscious influences where the brain at a subconscious level is automatically doing these things which by and large are useful, but which often malfunction. " The Art of Stockpicking - Charlie Munger
"The way you lose money in the market is to start off with an economic picture." Peter Lynch Ten Investment Gurus
"Low P/E stocks can capture the wonders of P/E expansion with less risk than skittish growth stocks." John Neff Ten Investment Gurus
"I'll never go broke taking a profit...This well-worn proverb is one of the most dangerous fallacies of all in investment. It encourages you to take profits far too early."
Fifteen Favourite Fallacies
"In the end each one must make his own decision and accept responsibility therefor. We suggest, however, that if the investor is in doubt as to which course to pursue he should choose the path of caution."
The Intelligent Investor by Benjamin Graham - Chapters 1-3
"The analyst who talks about his mistakes is the guy you want to listen to."
50 Unfortunate Truths About Investing
"Rather than buy from smart, informed sellers, we want to buy from urgent, distressed or emotional sellers." Seth Klarman
Quotes from a speech Seth Klarman resource site Margin of Safety book (pdf)