The Wealthy Barber’s 10 Favourite Money Quotes

My favourite money quotes. True gems here.

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Hey, here are a bunch of my favourite quotes from the World of money. These, honestly, were quite carefully selected to help you. To make you think. They pack a lot of wisdom into just a few words. Share these, especially with your adult kids. 1. “The stock market is designed to transfer money from the active to the patient.”

Very important observation. – Warren Buffett, of course. 2. “The four most dangerous words in investing are: ‘This time it’s different.'” – Sir John Templeton, the late investing legend and Wealthy Barber fan, I should add. 3. “Investing should be more like watching paint dry or watching grass grow.

If you want excitement, take $800 and go to Las Vegas.” – Paul Samuelson (guessing he’s not a fan of meme stocks). 4. “The best time to plant a tree was 20 years ago. The second best time is now.” – A Chinese proverb I used in The Wealthy Barber. 5. “The first rule of compounding: Never interrupt it unnecessarily.”

Charlie Munger, my hero. 6. “The investor’s chief problem — and even the worst enemy — is likely to be oneself.” – Benjamin Graham. 7. “An investment in knowledge pays the best interest.” Love that one, Benjamin Franklin. 8. “A bear market is a great time to buy stocks, but you won’t want to.”

Morgan Housel. 9. “The secret to getting ahead is getting started.” – Mark Twain. 10. “You get recessions, you have stock market declines. If you don’t understand that’s going to happen, then you’re not ready, you won’t do well in the markets.” – Peter Lynch. And a bonus, still my favourite financial quote: “Gratitude is riches. Complaint is poverty.” – Doris Day.