Bruce Berkowitz Quotes
105 Bruce Berkowitz Quotes (Bruce R Berkowitz Quotes)
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At some point in a business cycle one has to get greedy. And the time to get greedy is when everybody’s running for the hills with fear.
Bruce Berkowitz
We are running toward that which most people are running away from.
Bruce Berkowitz
There are two ways to invest: you can predict or you can react.
Bruce Berkowitz
Ignore the crowd.
Bruce Berkowitz
My definition of skill is knowing when you’re lucky and taking advantage of that luck.
Bruce Berkowitz
What I try to do is focus on the facts of today.
Bruce Berkowitz
What worries me is knowing that it is usually a person’s last investment idea that kills them.
Bruce Berkowitz
I don’t invest in things I can’t understand.
Bruce Berkowitz
By ignoring the crowd, we find opportunities in stocks that people are running away from.
Bruce Berkowitz
Our biggest mistakes have always involved overestimating management.
Bruce Berkowitz
Cash is the equivalent of financial Valium. It keeps you cool, calm and collected.
Bruce Berkowitz
At then end of the day, cash is the only thing you can spend.
Bruce Berkowitz
Cash is really valuable when no one has it.
Bruce Berkowitz
[In December 2007] You need only a few good ideas in a lifetime to become wealthier than you ever thought possible.
Bruce Berkowitz
Investing is all about comparing what you give versus what you are going to get over time.
Bruce Berkowitz
A lot of people discovered that leverage is a two edged sword.
Bruce Berkowitz
We tend to react rather than predict.
Bruce Berkowitz
The negatives are all uncertainty about the future. What I try to do is to focus on the facts of today.
Bruce Berkowitz
[September 2011] The banks have the strongest balances sheets they’ve had probably in their histories.
Bruce Berkowitz
Our brains are wired for over-reaction and momentum.
Bruce Berkowitz
Count what matters. So we count the cash.
Bruce Berkowitz
[On US banks lending policies in September 2011] Everyone comments on how tough it is to get a loan. Because they’ve gone from no documentation to unbelievable documentation. But it’s the nature…
Bruce Berkowitz
You don’t want to be in denial. So you take out your checklist with the 500 aspects that you look at…
Bruce Berkowitz
You have to have the courage of your convictions. That’s what you are getting paid for. This is the time when I really earn my money.
Bruce Berkowitz
The worst situation is you’re backed into a corner and you can’t get out of it.
Bruce Berkowitz
[In 2010] You don’t have the money to buy more or you don’t have the flexibility, that’s a nightmare scenario.
Bruce Berkowitz
[In 2010] Great investors never run out of cash. We always want to have a lot of cash.
Bruce Berkowitz
It depends on… where you believe you are in the cycle. If you think that you’re bouncing around the bottom and you’ve already paid the price for having the courage of your convictions, then I don’t think that we need the cash around that we do.
Bruce Berkowitz
If I’m wrong then I don’t deserve to be in business.
Bruce Berkowitz
[September 2011] There’s a fear of the future but I don’t understand the math that’s being applied to the forecast of the future. I do know that fear is being reflected in the price that you’re paying for Bank of America…
Bruce Berkowitz
[February 2000] Concentrated investing implies less risk of permanent loss as long as you maintain superior knowledge about the companies you own.
Bruce Berkowitz
[In 2011] AIG will not be paying taxes for many years given it’s previous losses.
Bruce Berkowitz
Is there a sufficient margin of safety…
Bruce Berkowitz
[In 2010] As you get bigger you put more into your investments and that last idea, which may be bad, will end up losing more than you’ve made over a decade.
Bruce Berkowitz
[In 2010] We’re two thirds invested in equities today, not a kamikaze strategy.
Bruce Berkowitz
It’s just a question of time.
Bruce Berkowitz
You can’t be 100% positive about anything. To have a fanatical belief would be a mistake.
Bruce Berkowitz
No one wants to through out thirty years of hard work.
Bruce Berkowitz
[September 2011] It’s been six months, in February I was a hero and now I’m a bum so we’ll see six months from now. Revenge should be sweet.
Bruce Berkowitz
If I don’t understand something, I’ve learned to walk away.
Bruce Berkowitz
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