Finance Quotations – 01
Famous Finance, Business, Trading, and Investing Quotations
The stock market is an animal of terrible beauty. Watching it work is like glimpsing an owl swoop down and grab a mouse in its claws or watching a shark hone in on its prey. Its motions are efficient, and its dead eyes convey no emotion.
The Elliot Wave Theorist, January 2009
For a dozen years, from 1995 – 2007, a vicious bear, disguised as a siren, whistled and sang to its future victims, drawing them into its den. It is still whistling and singing, but only when it has time to breathe between bites of feasting.
The Elliot Wave Theorist, January 2009
It is not ours to be bullish or bearish, but to be right.
Markets Can Remain Illogical Far Longer Than You Or I Can Remain Solvent.
John Maynard Keynes
No good decision was ever made in a swivel chair.
General George S. Patton, Jr.
A prudent investor’s best safeguard against risk is not retreat, but diversification. True diversification is difficult to achieve by spreading an investment among different stocks, or different equity managers, or even by mixing stocks and bonds, because the two are not complementary.
Men wanted for hazardous Journey. Small wages. Bitter cold. Long months of complete darkness. Constant danger. Safe return doubtful. Honor and recognition in case of success.
The Time, London, 1913
Recruitment ad for Shackleton’s Antarctic Expedition
When it is a question of money, everyone is the same religion.
Education rears disciples, imitators, and routinists, not pioneers of new ideas and creative geniuses. The schools are not nurseries of progress and improvement, but conservatories of tradition and unvarying modes of thought.
Ludvig von Mises
The important thing in science is not so much to obtain new facts as to discover new ways of thinking about them.
Sir William Bragg
Fish see the bait, but not the hook; men see the profit, but not the peril.
If you think education is expensive, try ignorance.
The perfect speculator must know when to get in; more important he must know when to stay out; and most important he must know when to get out once he’s in.
It is not the strongest of the species that survive, nor the most intelligent, but the ones most responsive to change.
The trend is your friend except at the end when it bends.
The four most expensive words in the English language are “this time its different.”
Sir John Templeton
Price makes news, not the other way around. A market is going to go where a market is going to go.
Be less curious about people and more curious about ideas.
I began to realize that the big money must necessarily be in the big swing.
Most of us don’t have the discipline to stay focused on a single goal for five, ten, or twenty years, giving up everything to bring it off, but that’s what’s necessary to become an Olympic champion, a world class surgeon, or a Kirov ballerina. Even then, of course, it may be all in vain. You may make a single mistake that wipes out all the work. It may ruin the sweet, lovable self you were at seventeen. That old adage is true: You can do anything in life, you just can’t do everything. That’s what Bacon meant when he said a wife and children were hostages to fortune. If you put them first, you probably won’t run the three-and-a-half-minute-mile, make your first $10 million, write the great American novel, or go around the world on a motorcycle. Such goals take complete dedication.”
Whenever you can, count.
Sir Francis Galton
The beginning is the most important part of the work.
Life is a school of probability.
I always know what’s happening on the court. I see a situation occur, and I respond.
The difference between a successful person and others is not a lack of strength, not a lack of knowledge, but rather a lack of will.
Measure what is measurable and make measurable what is not so.
I think the only cardinal evil on earth is that of placing your prime concern within other men. I’ve always demanded a certain quality in the people I liked. I’ve always recognized it at once – and its the only quality I respect in men. I chose my friends by that. Now I know what it is. A self-sufficient ego. Nothing else matters.
Losing an illusion makes you wiser than finding a truth.
Managing a hedge fund requires single-minded devotion.
A man’s reach should exceed his grasp.