The fact that other people agree or disagree with you makes you neither right nor wrong. You will be right if your facts and your reasoning are correct.
Benjamin Graham
There is something about inside information which seems to paralyse a man's reasoning powers.
Bernard Baruch
I'm sure a crash like 1929 will happen again. The only thing is that one doesn't know when. All it takes for another collapse is for the memories of the last insanity to dull.
The singular feature of the great crash of 1929 was that the worst continued to worsen. What looked one day like the end proved on the next day to have been only the beginning. The fortunate speculator who had funds to answer the first margin call presently got another and equally urgent one, and if he met that there would still be another. In the end all the money he had was extracted from him and lost. The man with the smart money, who was safely out of the market when the first crash came, naturally went back in to pick up bargains. The bargains then suffered a ruinous fall. Even the man who waited out all of October and all of November, who saw the volume of trading return to normal and saw Wall Street become as placid as a produce market, and who then bought common stocks, would see their value drop to a third or a fourth of the purchase price in the next twenty-four months. The Coolidge bull market was a remarkable phenomenon. The ruthlessness of its liquidation was, in its own way, equally remarkable.
John K. Galbraith
The only time I really ever lost money was when I broke my own rules.
Wall Street is always the same: only the pockets change.
Throughout all my years of investing I've found that the big money was never made in the buying or the selling. The big money was made in the waiting.
Jesse Livermore
It requires a great deal of boldness and a great deal of caution to make a great fortune
Meyer Rothchild
The road to inflation is paved with good intentions.
William Guttmann
There are more mediocre people making money on Wall Street than any other place on earth.
Jack Welch
Pennies do not come from heaven - they have to be earned here on earth.
Margaret Thatcher
When you read contemporary accounts of booms or panics the one thing that strikes you most forcibly is how little either stock speculation or stock speculators today differ from yesterday. The game does not change and neither does human nature.
People who look for easy money invariably pay for the privilege of proving conclusively that it cannot be found on this sordid earth
Edwin Lefevre
I am not an entrepreneur who builds businesses. I am an investor who judges them. My function in the financial markets is that of a critic and my critical judgements are expressed by my decisions to buy and sell.
It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong.
The way to build long-term returns is through preservation of capital and home runs.
George Soros
Money, again, has often been a cause of the delusion of the multitudes. Sober nations have all at once become desperate gamblers, and risked almost their existence upon the turn of a piece of paper.
Charles Mackay
To me, an investment is simply a gamble in which you've managed to tilt the odds in your favour.
It only takes a handful of big winners to make a lifetime of investing worthwhile.
Twenty years in this business convinces me that any normal person using the customary three per cent of the brain can pick stocks as well as, if not better, than the average Wall Street expert.
Although it's easy to forget sometimes, a share of a stock is not a lottery ticket. It's part ownership of a business.
Peter Lynch
Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well.
Diversification may preserve wealth, but concentration builds wealth.
In the short run, the market is a voting machine. In the long run, it's a weighing machine.
It's easier to create money than to spend it.
My idea of a group decision is to look in the mirror.
Warren Buffet
Elephants don't gallop.
Jim Slater
You do better to make a few large bets and sit back and wait . . . there are huge mathematical advantages to doing nothing.
Stock-picking is like gambling: those who win well, seldom bet, but when they do, they bet heavily.
Charlie Munger
The elements of good trading are cutting losses, cutting losses and cutting losses.
Ed Seykota
Anybody who plays the stock market not as an insider is like a man buying cows in the moonlight.
Daniel Drew
In all labor there is profit.
Proverbs
:) Falkor
Benjamin Graham
There is something about inside information which seems to paralyse a man's reasoning powers.
Bernard Baruch
I'm sure a crash like 1929 will happen again. The only thing is that one doesn't know when. All it takes for another collapse is for the memories of the last insanity to dull.
The singular feature of the great crash of 1929 was that the worst continued to worsen. What looked one day like the end proved on the next day to have been only the beginning. The fortunate speculator who had funds to answer the first margin call presently got another and equally urgent one, and if he met that there would still be another. In the end all the money he had was extracted from him and lost. The man with the smart money, who was safely out of the market when the first crash came, naturally went back in to pick up bargains. The bargains then suffered a ruinous fall. Even the man who waited out all of October and all of November, who saw the volume of trading return to normal and saw Wall Street become as placid as a produce market, and who then bought common stocks, would see their value drop to a third or a fourth of the purchase price in the next twenty-four months. The Coolidge bull market was a remarkable phenomenon. The ruthlessness of its liquidation was, in its own way, equally remarkable.
John K. Galbraith
The only time I really ever lost money was when I broke my own rules.
Wall Street is always the same: only the pockets change.
Throughout all my years of investing I've found that the big money was never made in the buying or the selling. The big money was made in the waiting.
Jesse Livermore
It requires a great deal of boldness and a great deal of caution to make a great fortune
Meyer Rothchild
The road to inflation is paved with good intentions.
William Guttmann
There are more mediocre people making money on Wall Street than any other place on earth.
Jack Welch
Pennies do not come from heaven - they have to be earned here on earth.
Margaret Thatcher
When you read contemporary accounts of booms or panics the one thing that strikes you most forcibly is how little either stock speculation or stock speculators today differ from yesterday. The game does not change and neither does human nature.
People who look for easy money invariably pay for the privilege of proving conclusively that it cannot be found on this sordid earth
Edwin Lefevre
I am not an entrepreneur who builds businesses. I am an investor who judges them. My function in the financial markets is that of a critic and my critical judgements are expressed by my decisions to buy and sell.
It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong.
The way to build long-term returns is through preservation of capital and home runs.
George Soros
Money, again, has often been a cause of the delusion of the multitudes. Sober nations have all at once become desperate gamblers, and risked almost their existence upon the turn of a piece of paper.
Charles Mackay
To me, an investment is simply a gamble in which you've managed to tilt the odds in your favour.
It only takes a handful of big winners to make a lifetime of investing worthwhile.
Twenty years in this business convinces me that any normal person using the customary three per cent of the brain can pick stocks as well as, if not better, than the average Wall Street expert.
Although it's easy to forget sometimes, a share of a stock is not a lottery ticket. It's part ownership of a business.
Peter Lynch
Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well.
Diversification may preserve wealth, but concentration builds wealth.
In the short run, the market is a voting machine. In the long run, it's a weighing machine.
It's easier to create money than to spend it.
My idea of a group decision is to look in the mirror.
Warren Buffet
Elephants don't gallop.
Jim Slater
You do better to make a few large bets and sit back and wait . . . there are huge mathematical advantages to doing nothing.
Stock-picking is like gambling: those who win well, seldom bet, but when they do, they bet heavily.
Charlie Munger
The elements of good trading are cutting losses, cutting losses and cutting losses.
Ed Seykota
Anybody who plays the stock market not as an insider is like a man buying cows in the moonlight.
Daniel Drew
In all labor there is profit.
Proverbs
:) Falkor
Comments
Post a Comment