There is no sure-fire way to get rich quickly. In fact, the pursuit of that usually leads to ruin. Whitney Tilson More Quotes by Whitney Tilson More Quotes From Whitney Tilson While I take no pleasure in others' misfortunes, we've historically made most of our profits from other investors behaving in a panicked and irrational fashion and selling us certain stocks at prices far below their intrinsic value. More volatility equals cheaper stocks, which equals higher returns. Whitney Tilson valuemorepleasurefashion Because I'm a very public figure, everybody knows what my returns are. Whitney Tilson verybecauseeverybodyknows Shorting saved my butt in 2008... Shorting kept me in the game. It generates cash when the market's crashing. And that's what you want when the market's crashing - cash. Whitney Tilson gamemeyouwant My advice to most people is don't short stocks. It's a very, very difficult business. And you can really get clobbered. Whitney Tilson shortyoubusinesspeople I am part of the 1 percent of the 1 percent. By that, I mean that I am fortunate to be a wealthy American, and I say, 'It's okay to raise my taxes.' Whitney Tilson americani-amsayokay I think most people agree with the idea of shared sacrifice, but for many, when push comes to shove, that principle goes out the window. Whitney Tilson thinksacrificepeoplewindow While there's always plenty of room for improvement, our government is actually quite effective and efficient. Our military and judicial systems and national parks are the best in the world. Unlike in countries where government corruption is rampant, I've never once been solicited for a bribe. Whitney Tilson bestcorruptiongovernmentworld Mueller is the leading North American provider of water infrastructure and flow control products - things such as fire hydrants, valves, pipes, fittings, and couplings. While this is no doubt a mundane business, it is also an excellent one. Whitney Tilson controlbusinessfirewater Pence is far too conservative for me, but by all accounts, he's an intelligent, experienced, decent man with no skeletons in his closet. Whitney Tilson memanconservativeintelligent In the game of politics, both parties are sometimes guilty of passing really stupid laws that, in reality, are purely symbolic and have no real impact on anyone. Whitney Tilson gamepoliticsstupidsometimes I believe our schools will actually get better if layoffs are done carefully, such that only the very worst teachers are let go. Whitney Tilson teacherswillbetterbelieve There are far too many ineffective teachers and, in particular, far too many truly terrible teachers who are harming children and poisoning the system. Whitney Tilson farteacherswhochildren Nirvana, to a value investor, is paying a cheap price for a company that is growing in value every year at a nice rate - this largely explains why today we own stocks like Berkshire Hathaway, McDonald's, Wal-Mart, Microsoft, Costco and Anheuser-Busch. Whitney Tilson valueownnicetoday The exact details of how you practice value investing will vary investor to investor, but the fundamental principle of scouring the world, looking for dollar bills that you can buy for 50 cents or at some big discount - that is universal to value investing. Whitney Tilson valuelookingyouworld
