Elon Musk says

“My proceeds from the PayPal acquisition were $180 million. I put $100 million in SpaceX, $70m in Tesla, and $10m in Solar City. I had to borrow money for rent.”

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Quotes on Investing Elon Musk about Space

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“Any business plan won’t survive its first encounter with reality. The reality will always be different. It will never be the plan.”

“Our favorite holding period is forever. We are just the opposite of those who hurry to sell and book profits when companies perform well but who tenaciously hang on to businesses that disappoint. Peter Lynch aptly likens such behavior to cutting the flowers and watering the weeds.”

—Warren Buffett

“Investors should be skeptical of history-based models. Constructed by a nerdy-sounding priesthood using esoteric terms such as beta, gamma, sigma and the like, these models tend to look impressive. Too often, though, investors forget to examine the assumptions behind the models. Beware of geeks bearing formulas.”

—Warren Buffett

“Price is what you pay. Value is what you get.”

—Warren Buffett

“There's never just one cockroach in the kitchen.”

—Warren Buffett

“In the long run managements stressing accounting appearance over economic substance usually achieve little of either.”

—Warren Buffett

“It's OK to have your eggs in one basket as long as you control what happens to that basket.”

“We need a moderately-priced stock market… The market, like the Lord, helps those who help themselves. But, unlike the Lord, the market does not forgive those who know not what they do. For the investor, a too-high purchase price for the stock of an excellent company can undo the effects of a subsequent decade of favorable business developments.”

—Warren Buffett

“If you buy things you don't need, soon you will have to sell things you need.”

—Warren Buffett

“Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble”

—Warren Buffett

“The Best Part Is No Part...”

“I think that, every time you see the word EBITDA, you should substitute the words "bullshit earnings".”

—Charlie Munger

“We will make bold rather than timid investment decisions where we see a sufficient probability of gaining market leadership advantages.”

“Wide diversification is only required when investors do not understand what they are doing.”

—Warren Buffett

“It is better to be approximately right than precisely wrong.”

—Warren Buffett