Andy Kessler Quotes

A product lowers the cost of doing something and eventually, customers will figure this out and buy the stuff in big volume, but they're not going to buy yet. You've got to have real conviction to step up and own this kind of company-you're staring over the edge of the waterfall, not sure when the growth is going to start.

Cheap power helped create a new market that didn't exist previously.

But someone knew and made a killing. It was investing when you know something no one else knows.

High elasticity means that unit output goes up more than prices went down, so you get a growth business.

When someone pukes up a stock, it's not hard to miss. Mispriced securities all over the table. And we are there with a barf bag, collecting all we can.

When you think long-term, the edge is really investing because others can't know.

It was what I didn't know about that always seemed more interesting.

You invest in companies with great long-term prospects.

You can't ever forget how precarious and humbling running money really is.