“An attractive investment area must have favorable characteristics that should last five years or longer.”
“Chances are, things have changed enough so that whatever made you a success thirty years ago doesn’t work anymore. I think that by concentrating on smaller companies, you improve your chances of catching the next wave.”
“If you believe you or anyone else has a system that can predict the future of the stock market, the joke is on you.”
“Since the Industrial Revolution began, going downstream – investing in businesses that will benefit from new technology rather than investing in the technology companies themselves – has often been the smarter strategy.”
– Ralph Wanger