Gregg Turk is an American stock market investor since age 11. He is a former Certified Public Accountant. In 1985 Gregg became a registered investment advisor managing money independently. As President of Turk Capital Management, Inc., he retired from money management in 2021. Gregg currently serves as President of Gregg Turk Foundation.
Gregg was raised in Northern Virginia, graduated college and graduate school in Virginia and has lived in Northern Virginia full time since 1976.
Follow the Best
The Gregg Turk Foundation website hopes to provide an engaging exploration of the investment philosophy employed by Gregg during his 40+ years of professional stock market investing. In 1980, Gregg grasped the value of studying a handful of legendary investors and monitoring their trading activity. Even today, top money managers continue to follow one another looking for ideas. If you see a "guru" accumulate a significant stake, it's not a bad idea to investigate. If it's easy to understand and you can get close to their price, the effort is usually worthwhile.
Choose Your Heroes Well
"You are lucky in life if you have the right heroes. I advise all of you, to the extent you can, to pick out a few heroes. There's nothing like the right ones." ~ Warren Buffett
Gregg Turk Foundation’s mission is to educate and advocate for sound stock market investing through patience, discipline and the ability to control one’s emotions. A great first step is knowing when we buy shares of a stock, we are buying a piece of a business. It is critical to understand that stocks aren't what most people think. They aren't pieces of paper that trade, symbols and numbers flashing on a screen, or squiggles on a chart. Stocks represent fractional interests in businesses. Investors taking the perspective of business owners have a significant advantage, especially in times of extreme market fluctuations.
Absorbing simple lessons as above from legendary investors, may be all that is necessary to reap satisfactory rewards. Compounding wealth intelligently benefits not only investor’s lives but the lives of many others. It's a moral duty that ultimately serves all of society.
"Look at stocks as businesses and leave them alone for a long time. Buy stocks you never have to sell." ~ Warren Buffett
Buffett on the qualities needed to be a great investor
Warren Buffett explains why knowing your “circle of competence” and detaching from popular opinion are more important than your IQ in investing.
Buffett on the importance of caring for the body and mind
A teacher asks Warren Buffett how to advise students on preparing for retirement. Buffett says the students should treat their minds and bodies like “the only car you’re going to have for the rest of your life.”
How Does the Stock Market Work?
In the 1600s, the Dutch East India Company employed hundreds of ships to trade goods around the globe. In order to fund their voyages, the company turned to private citizens to invest money to support trips in exchange for a share of the profits. In doing so, they unknowingly invented the world’s first stock market. So how do companies and investors use the market today? Oliver Elfenbaum explains.