Thomas Rowe Price, Jr. Quotes
No one can see ahead three years, let alone five or ten. Competition, new inventions - all kinds of things - can change the situation in twelve months.
The growth stock theory of investing requires patience, but is less stressful than trading, generally has less risk, and reduces brokerage commissions and income taxes.
If you stay half-alert, you can pick the spectacular performers right from your place of business or out of the neighborhood shopping mall, and long before Wall Street discovers them.
It is better to be early than too late in recognizing the passing of one era, the waning of old investment favorites and the advent of a new era affording new opportunities for the investor.
