If you are not willing to endure pain, you cannot get the gain.

Investors
Mark Mobius
Born in 1936 as a German American, died April 2026. Mark Mobius led emerging-market equity investing at Franklin Templeton for over 30 years and earned the title 'father of emerging-market investing.' He visited more than 40 countries a year, insisting on on-the-ground research, and fundamentally rewrote the conventional wisdom that international diversification meant developed markets only. A true pioneer of frontier markets.
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Mark Mobius's Other Quotes
To buy when others are despondently selling and to sell when others are avidly buying requires the greatest fortitude and pays the greatest ultimate rewards.
There is no substitute for personally visiting companies and their countries.
The best time to invest is when you have money. The best time to sell is when you need money.
Related Quotes
Endure and renounce.
-- Epictetus
Fire tests gold; adversity tests strong people.
-- Seneca
Bodily pain does not last without limit; intense pain is brief in duration.
-- Epicurus
If you carve without ceasing, even metal and stone can be engraved.
-- Xunzi
He who has a why to live can bear almost any how.
-- Friedrich Nietzsche
By failing to prepare, you are preparing to fail.
-- Benjamin Franklin