All Quotes

5 quotes

JEAN-MARIE EVEILLARD

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I would rather lose one-third of my shareholders than lose one-third of my shareholders' money.

capital-preservationclient-relations— Various interviews, 2001
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The ability to say 'I don't know' is the most underrated skill in investing.

humilityphilosophy— Morningstar conference, 2008
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The greatest risk is not volatility. It is the permanent impairment of capital.

capital-preservationphilosophy— CFA Institute address, 2003
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Gold is not an investment. It is insurance against monetary disorder.

goldmacro— First Eagle shareholder letter, 2005
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Benjamin Graham taught us that the market is not always right. What he did not say is that the market is always irrational. It is usually right. But when it is wrong, it is very wrong.

grahammarket-psychology— Investment conference lecture, 2010