Quotes on Growth Stocks

The enchantment which some growth companies convey to the stock market lends a premium to their common stocks which is not always justified by the statistical background.

The ability to create its own market is the strategic, the dominating, and the single most distinguishing characteristic of a true growth company.

Neither the corporate executive nor the investment manager can allow himself to be lulled into the belief that any company, regardless of its record of achievement, must necessarily provide satisfactory rates of growth.

Past corporate successes are only frail guides to future good fortune.

All stocks are "two-decision" stocks; and no such thing as a "one-decision" stock exists.

If you are in the right companies, the potential rise can be so enormous that everything else is secondary.

Even a great company can be priced too high if there's a lot of glamour attached to it.

I think it is more conservative in the long run to be in a company that is really progressing and really has an edge.

The inescapable fact is that the value of an asset, whatever its character, cannot over the long term grow faster than its earnings do.

People who chase growth, who chase highfliers, inevitably lose because they paid a premium price. They lose to the people who have more patience and more discipline.

The history of business the world over is full of examples of businesses which have grown from modest beginnings to stupendous earning power.

Fast-growing companies can't be expected to keep up the pace forever. Eventually, they reach middle age and lose some of their oomph, just like the rest of us.

You can't go to sleep holding cyclical stocks for a decade and expect to be richly rewarded. The rich rewards are in growth stocks and special situations.

The successful purchase of growth stocks requires two rather obvious conditions: First, that their prospect of growth be realized; and, second, that the market has not already pretty well discounted these growth prospects.

To my mind, the so-called growth-stock investor -- or the average security analyst for that matter -- has no idea of how much to pay for a growth stock, how many stocks to buy to obtain the desired return, or how their prices will behave.

A hot stock, like a hot stove, should be handled with care.

Many mistakes have been made in buying growth stocks on the theory that the future will duplicate the past.