"All financial success comes from acting on a plan. A lot of financial failure comes from reacting to the market"
Nick Murray
Author and Educator
Nick Murray is a financial advisor and author known for his insights on investment strategies and the psychology of wealth.
- Born
- May 10, 1960
- Quotes
- 12
- Rank
- #4542
About Nick Murray
Nick Murray — Life and Legacy
Nick Murray is a prominent financial advisor and author recognized for his impactful ideas on investment strategies and the psychology behind wealth accumulation. His work emphasizes the importance of mindset in achieving financial success, particularly through patience and discipline. Murray's core philosophy is encapsulated in his quote, 'The market is a device for transferring money from the impatient to the patient.' This reflects his belief that successful investing requires a long-term perspective and the ability to withstand market fluctuations. He challenges the common notion of quick gains, advocating instead for a disciplined approach that prioritizes understanding over speculation. His insights remain relevant today, particularly in an age where instant gratification often overshadows the value of patience. By focusing on self-control and personal strategy, Murray's quotes resonate with both novice and seasoned investors, encouraging them to cultivate a mindset that aligns with their financial goals.
Quote collection
Nick Murray quotes
12 quotes — follow a thought to its full quote page.
"Once you decide that mediocrity is unthinkable, your only choices are excellence and quitting."
"If you think the market’s 'too high' wait 'til you see it 20 years from now."
"Long-term investment success is almost totally a function of how one emotionally handles declines in the equity market, as opposed to how one's portfolio handles them."
"Investment performance doesn't determine real-life returns; investor behavior does."
"You have to pick what you're going to be worried about. Markets are volatile, but retirement is certain."
"Timing the market is a fools game, whereas time in the market is your greatest natural advantage."
"Wealth is not determined by investment performance, but by investor behavior."
"Declines are temporary, gains are permanent."
"In the long run, not doing what's necessary to do the thing you're afraid will hurt you, hurts infinitely worse than doing it."
"Stocks are a safe bet, but only if you stay invested long enough to ride out the . that squares with the facts, and with the historical record"
"Surprise is the mother of panic."