John Neff Quotes

101 John Neff Quotes

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My odds improve, thanks to proliferating numbers of traders motivated by tips and superficial knowledge.
John Neff

[On parties who fail to perform rigorous fundamental analysis] These investors become prospectors who only chase gold where everyone else is already looking. Mutual fund investors who think they can make money by chasing the hottest funds are panning in the same overworked streams.
John Neff

No one is more grateful than I am for wide-eyed investors who chase tantalizing visions of overnight fortunes.
John Neff

We were, are, and probably always will be a nation of prospectors. Time and again, investors view the stock market as a vast, endless mother lode, with gold enough for all comers. But gold rushes finish ugly for a reason. Although every prospector counts on finding a valuable nugget, most return home empty-handed.
John Neff

Windsor applied our low p/e sometimes boring principles in consistent fashion. We weren’t fancy, just prudent and consistent. We always took note of prevailing opinion, but we never let it sway our investment decisions.
John Neff

Buy on the cannons and sell on the trumpets.
John Neff

Windsor’s success concealed no secrets. We relied on relentless application of low p/e sympathies, abetted by attention to fundamentals and a liberal dose of common sense.
John Neff

No and then, we hit home runs, but our scoring relied chiefly on base hits. To go home winners, that’s all investors need.
John Neff

While other fund managers wailed and donned hair shirts, Windsor plunged into the carnage with gusto.
John Neff

Seizing an opportunity created by hasty investors driven by crowd psychology instead of sound analysis…
John Neff



Patience was a virtue.
John Neff

In the worst of times Windsor took a lickin’ and kept on tickin’…
John Neff

Carnage is never pleasant, but it reminded people of the penalties awaiting imprudence and illicit activity.
John Neff

The pendulum had swung too far in a positive direction, reflecting Wall Street’s never-ending ability to overemphasize and overcapitalize a good thing.
John Neff

My enduring principles, stamped indelibly with the merits of low p/e investing.
John Neff

Next to countless millennia of geological history visible from the Colorado my three decades at Windsor seemed few.
John Neff

Savvy contrarians keep their minds open, leavened by a sense of history and a sense of humor… Ready-made contrarian forumulas supply prescriptions for failure.
John Neff

[On investors often not remembering lessons] Two hunters hire a plane to take them to a remote wilderness to go moose hunting. When they reach their destination, the pilot tells them they can each take back only one moose, because any more weight than that will strain the engine and they won’t make it back. Two days later the plane returns to pick up the hunters, and both hunters have killed two moose each. Too much weight, the pilot says. ‘Aww, you told us that last year, and we each gave you a $1,000 extra and you flew us back,’ says one of the hunters. So the pilot agrees. Sure enough, after a short while the plane’s engine sputters, and the pilot is forced to make a crash landing. Once on the ground, the dazed but unhurt hunters stagger out. ‘Where are we?’ asks one hunter. ‘I don’t know,’ replies the other, ‘but it sure looks a lot like where we crashed last year.’
John Neff

Don’t bask in the warmth of just being different. There is a thin line between being a contrarian and being just plain stubborn. At times, the crowd is right. Eventually, you have to be right on fundamentals to be rewarded.
John Neff

I attribute success not to genius or blinding insights, but to a frugal nature and lessons well learned.
John Neff



I was always a stubborn little fellow…
John Neff



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