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Whitney Tilson Quotes
Whitney Tilson Quotes
Whitney Tilson
American
Businessman
Born:
1966
Companies
Company
People
Value
World
You
Related authors:
Bill Gates
Henry Ford
Jim Rohn
Les Brown
Peter Drucker
Stephen Covey
Steve Jobs
Warren Buffett
The mark of a wise person isn't never making mistakes - everyone makes plenty of them. Rather, it's the ability to quickly admit - and fix - them!
Whitney Tilson
Wise
Mistakes
Making Mistakes
Mark
Everyone
Plenty
Ability
Admit
Rather
Never
Wise Person
Makes
Making
Quickly
Fix
Person
Them
In life, an abundance of confidence gives us higher motivation, persistence, and optimism and can allow us to accomplish things we otherwise might not have undertaken.
Whitney Tilson
Life
Persistence
Confidence
Otherwise
Gives
Higher
Allow
Abundance
Undertaken
Motivation
Accomplish
Optimism
Might
Us
Things
No one would suggest completely ignoring news about your investments. Enron investors, for example, would have been well served to sell once early reports of accounting irregularities surfaced. But the key is to keep news in context and act only if further reflection or study indicates that the core thesis for an investment has changed.
Whitney Tilson
News
Key
Reflection
Example
Changed
Once
Enron
Further
Would
About
Only
No-One
Investment
Investments
Investors
Study
For Example
Well
Context
Been
Sell
Accounting
Reports
Act
Your
Ignoring
Keep
Thesis
Served
Early
Suggest
Core
I think that most people who complain about our government have no idea what they're talking about because they've never been to a country with a bad government.
Whitney Tilson
Government
People
Country
Think
Complain
Our
Bad
Bad Government
No Idea
About
Never
Idea
Most
Talking
Because
Been
Who
I love and celebrate good teachers, and it's critical that we do more to identify them and keep them happy and motivated.
Whitney Tilson
Love
Good
Celebrate
Happy
Critical
More
Good Teachers
Identify
Motivated
Them
Teachers
Keep
If I bring to light a company that's poisoning customers, defrauding investors, or something like that... there just aren't enough regulators in the world to keep up with all of the fraud and malfeasance that goes on out there, particularly in the little nooks and crannies of the market.
Whitney Tilson
World
Light
Enough
Market
Out
Fraud
Something
Poisoning
Investors
Like
Particularly
Up
Goes
Just
Little
Customers
Company
Keep
Bring
My experience is that very few people have what it takes to be a successful investor, as I discussed in The Arrogance of Stock Picking.
Whitney Tilson
Experience
People
Arrogance
Few
Investor
Picking
Takes
Stock
Very
Discussed
Few People
Successful
There's a real company in Facebook and then a lot of pretenders riding their coat tails.
Whitney Tilson
Facebook
Pretenders
Tails
Real
Lot
Then
Coat
Company
Riding
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
Fashion
Value
Made
Other
Others
Panicked
Our
Pleasure
Intrinsic
More
Higher
Volatility
Prices
Take
Misfortunes
Cheaper
Investors
Most
Returns
Equals
Historically
Selling
Stocks
Behaving
Irrational
Which
While
Far
Us
Certain
Profits
Below
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
Me
You
Game
Saved
Market
Cash
Want
Crashing
Butt
Kept
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
You
Business
People
Advice
Difficult
Most
Very
Stocks
Get
Short
Really
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
Say
Okay
Wealthy
Percent
Part
Am
American
Mean
Taxes
Fortunate
Raise
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
Government
Best
Corruption
World
National
Military
Rampant
Our
Unlike
Once
Plenty
Systems
Parks
Never
Countries
Always
Judicial
Been
Effective
Efficient
National Parks
Improvement
Quite
Where
While
Room
Bribe
Actually
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
Me
Man
Conservative
Too
He
His
Intelligent
Accounts
Closet
Decent
Decent Man
Experienced
Skeletons
Far
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
Politics
Game
Reality
Sometimes
Stupid
Guilty
Impact
Purely
Laws
Both
Both Parties
Parties
Real
Passing
Anyone
Really
Symbolic
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
Better
Will
Believe
Carefully
Our
Worst
Only
Layoffs
Schools
Go
Very
Get
Done
Teachers
Let Go
Actually
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
Harming
Too
System
Poisoning
Particular
Terrible
Ineffective
Truly
Children
Far
Teachers
Who
Many
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
Today
Value
Year
Own
Nice
Every
Nirvana
Costco
Rate
Price
Cheap
Investor
Like
Wal-Mart
Stocks
Microsoft
McDonald
Explains
Paying
Company
Growing
Largely
Why
The potential rewards of small-cap investing do not come without risk.
Whitney Tilson
Risk
Potential
Investing
Come
Without
Rewards
The relative illiquidity of small-company shares - which often contributes to their being undervalued - also increases their volatility.
Whitney Tilson
Increases
Relative
Volatility
Shares
Also
Undervalued
Often
Being
Which
I have long believed the corporate world is plagued by poor capital allocation decisions.
Whitney Tilson
World
Long
Corporate
Corporate World
Allocation
Decisions
Poor
Capital
Believed
My portfolio consists of many companies I find fundamentally undervalued in which I expect activism to play a role in the value being realised.
Whitney Tilson
Value
Consists
Find
Undervalued
Expect
Role
Being
Realised
Which
Companies
Many
Activism
Play
Portfolio
Fundamentally
The key thing when you short is to make sure you're not wrong on the fundamental intrinsic value.
Whitney Tilson
You
Key
Value
Key Thing
Intrinsic
Wrong
Make
Sure
Short
Fundamental
Thing
Early in my career, we were just pure bottoms-up stock pickers.
Whitney Tilson
Pure
Were
Stock
Just
Early
Career
We call ourselves 'opportunistic value investors.'
Whitney Tilson
Value
Ourselves
Investors
Call
We like to say we pray in the church of Graham, Dodd, Buffett, and Munger.
Whitney Tilson
Church
Say
Like
Pray
Graham
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