“Growth stocks are the best way to make money over time.”
Ron BaronFounder, Baron Capital
CNBC op-ed, 2022
“It was more profitable to find great companies and hold their stock for the long term, rather than try to predict what the market will do in the short term.”
Ron BaronFounder, Baron Capital
Baron Funds annual letter
“Historically, the stock market has doubled every 10 to 12 years. We strive to do better.”
Ron BaronFounder, Baron Capital
Baron Funds shareholder meeting
“Know what you own, and know why you own it.”
Peter LynchMagellan Fund (Fidelity)
One Up On Wall Street
“The best stock to buy may be the one you already own.”
Peter LynchMagellan Fund (Fidelity)
One Up On Wall Street
“I don't want a lot of good investments; I want a few outstanding ones.”
Philip FisherFather of growth investing
Common Stocks and Uncommon Profits
“What are you doing that your competitors are not doing yet?”
Philip FisherFather of growth investing
Scuttlebutt interview question
“Best investment decision I ever made? Buying Amazon in the IPO. Worst? Selling a share of Amazon.”
Bill MillerMiller Value Partners
We Study Billionaires podcast
“I consider bitcoin an insurance policy against financial catastrophe.”
Bill MillerMiller Value Partners
Miller Value 4Q letter
“The greatest investors make large concentrated bets where they have a lot of conviction. They're not buying 35 or 40 names and diversifying.”
Stan DruckenmillerDuquesne Family Office
Sohn Conference interview
“Soros taught me that when you have tremendous conviction on a trade, you have to go for the jugular. It takes courage to be a pig.”
Stan DruckenmillerDuquesne Family Office
Lost Tree Club speech, 2015
“The big money is not in the buying or selling, but in the waiting.”
Charlie MungerBerkshire Hathaway
Daily Journal annual meeting
“The first rule of compounding: never interrupt it unnecessarily.”
Charlie MungerBerkshire Hathaway
Poor Charlie's Almanack
“The goal of investments is to find situations where it is safe not to diversify.”
Charlie MungerBerkshire Hathaway
USC Law School speech, 1994
“The goal is to achieve an asymmetry between risk and return — more upside than downside.”
Howard MarksOaktree Capital
The Most Important Thing
“First-level thinking is simplistic and superficial. Second-level thinking is deep, complex, and convoluted.”
Howard MarksOaktree Capital
The Most Important Thing
“All the returns in life, whether in wealth, relationships, or knowledge, come from compound interest.”
Naval RavikantAngelList founder
The Almanack of Naval Ravikant
“To get rich, you need leverage. Leverage comes in labor, capital, code, or media.”
Naval RavikantAngelList founder
How to Get Rich (without getting lucky)
“Monopoly is the condition of every successful business.”
Peter ThielFounders Fund / PayPal
Zero to One (2014)
“What important truth do very few people agree with you on?”
Peter ThielFounders Fund / PayPal
Zero to One (2014)
“Over half of the excess return from equities came from just 90 companies in the last ninety years. The median stock pays you nothing for the risk.”
James Andersonex-Scottish Mortgage, Baillie Gifford
Scottish Mortgage shareholder letter
“We need to remain unconventional. Not only that, we need to become more radical and prepare to be even more so.”
James Andersonex-Scottish Mortgage, Baillie Gifford
Final SMT letter, 2022
“Your most successful holding will become a big part of the portfolio. Chipping it away in the name of risk control goes against the structure of returns — it's the small number of big winners that matter.”
Tom SlaterBaillie Gifford, US Equities
Motley Fool interview, 2025
“Software is eating the world.”
Marc Andreessena16z co-founder
Wall Street Journal essay, 2011
“In a startup, absolutely nothing happens unless you make it happen.”
Marc Andreessena16z co-founder
a16z blog