Tap Dancing to Work Quotes

“You never know who’s swimming naked until the tide goes out.”
― Carol J. Loomis, Tap Dancing to Work: Warren Buffett on Practically Everything, 1966-2013

“Once a bull market gets under way, and once you reach the point where everybody has made money no matter what system he or she followed, a crowd is attracted into the game that is responding not to interest rates and profits but simply to the fact that it seems a mistake to be out of stocks. In effect, these people superimpose an I-can’t-miss-the-party factor on top of the fundamental factors that drive the market. Like Pavlov’s dog, these “investors” learn that when the bell rings—in this case, the one that opens the New York Stock Exchange at 9:30 A.M.—they get fed. Through this daily reinforcement, they become convinced that there is a God and that He wants them to get rich.”
― Carol J. Loomis, Tap Dancing to Work: Warren Buffett on Practically Everything, 1966-2013

“Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised.”
― Carol J. Loomis, Tap Dancing to Work: Warren Buffett on Practically Everything, 1966-2013

“Your company had a very good year in 1982. Some of it was due to luck; some of it was due to good planning and management. We hope you enjoy the numbers and the pictures.”)”
― Carol J. Loomis, Tap Dancing to Work: Warren Buffett on Practically Everything, 1966-2013