Boy_Plunger
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I am compiling a collection of quotes, one-liners, sound-bites, nuggets of wisdom (call it what you like). From the thoughtful to the downright outrageous, from the wise to the downright scandalous and from the inspirational to the downright incriminatory ... One rule.. It has to be finance/trading/investing related.
It is vital that we have the original source. If you came up with a good one and you are certain that it is original not paraphrased or plagiarised - please include your name or nickname (that is if you want credit for it). I have came across a few good ones on the threads on T2W as well as some of your 'signatures' (you know who you are).
Here are a few to get the ball rolling - feel free to contribute.... I will compile a list and post it once we have a good collection... (knowing you lot - do try and keep it presentable lol)
You need three bear markets to know what to do. The first nearly wipes you out, the second you learn how to survive and the third you take by the scruff of the neck and enjoy it. Crispin Odey of Odey Asset Management
This time it's different. - Sir John Templeton
Holding cash is uncomfortable, but not as uncomfortable as doing something stupid. - Warren Buffet
"As a rule, Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works.... The Failure of great banks... and mercantile firms...are the symptoms incident to the disease, not the disease itself." - John Stuart Mill (1867)
Fashion models and financial models bear a similar relationship to the everyday world. Fashion models are idealised concepts of male and female beauty. Financial models are idealised representations of the real world. Neither is real. Models don’t quite work in the way that the real world works. There is celebrity in both worlds. In the end, there is the same inevitable disappointment. – Satyayit Das
There is nothing new in Wall Street. There can’t be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again. – Jesse Livermore
After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! – Jesse Livermore
They say there are two sides to everything. But there is only one side to the stock market; and it is not the bull side or the bear side, but the right side. – Jesse Livermore in Reminiscences of a Stock Operator
The financial markets paid a lot of people extremely well for narrow expertise and a few people, poorly, for the big, global views you needed to have if you were to allocate capital across markets. – Michael Lewis, The Big Short
The markets can remain irrational longer than you can remain solvent – John Maynard Keynes
When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you’ve got to get up and dance. We’re still dancing – Chuck Prince, former CEO at Citibank just before the credit crunch.
Something that fails to live up to perfection is more despised than something that was never idealized in the first place – Aaron Brown, former risk manager at Morgan Stanley
I like my women like I like my derivatives trading. OPTIONS! - Boy Plunger
Never in recorded history, has the supply of capital not overwhelmed the supply of opportunity – Joseph Lassiter
It is difficult to get a man to understand something when his salary depends upon his not understanding it – Upton Sinclair
There are two ways to conquer and enslave a nation. One is by sword. The other is by debt." John Adams 1735-1826
Give me control of a nation's money supply, and I care not who makes its laws - Mayer Amschel Rothschild
A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men who, even if their action be honest and intended for the public interest, are necessarily concentrated upon the great undertakings in which their own money is involved and who necessarily, by very reason of their own limitations, chill and check and destroy genuine economic freedom - Woodrow Wilson
We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the world-- no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and the duress of small groups of dominant men. - Woodrow Wilson
I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs" - THOMAS JEFFERSON 1743 - 1826
...slavery is but the owning of labor and carries with it the care of the laborers, while the European plan... is that capital shall control labor by controlling wages-This can be done, by controlling the money. It will not do to allow the Greenback... as we cannot control that." -The Hazard Circular" - July, 1862
Be greedy when others are fearful, be fearful when others are greedy - Warren Buffet
It is vital that we have the original source. If you came up with a good one and you are certain that it is original not paraphrased or plagiarised - please include your name or nickname (that is if you want credit for it). I have came across a few good ones on the threads on T2W as well as some of your 'signatures' (you know who you are).
Here are a few to get the ball rolling - feel free to contribute.... I will compile a list and post it once we have a good collection... (knowing you lot - do try and keep it presentable lol)
You need three bear markets to know what to do. The first nearly wipes you out, the second you learn how to survive and the third you take by the scruff of the neck and enjoy it. Crispin Odey of Odey Asset Management
This time it's different. - Sir John Templeton
Holding cash is uncomfortable, but not as uncomfortable as doing something stupid. - Warren Buffet
"As a rule, Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works.... The Failure of great banks... and mercantile firms...are the symptoms incident to the disease, not the disease itself." - John Stuart Mill (1867)
Fashion models and financial models bear a similar relationship to the everyday world. Fashion models are idealised concepts of male and female beauty. Financial models are idealised representations of the real world. Neither is real. Models don’t quite work in the way that the real world works. There is celebrity in both worlds. In the end, there is the same inevitable disappointment. – Satyayit Das
There is nothing new in Wall Street. There can’t be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again. – Jesse Livermore
After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! – Jesse Livermore
They say there are two sides to everything. But there is only one side to the stock market; and it is not the bull side or the bear side, but the right side. – Jesse Livermore in Reminiscences of a Stock Operator
The financial markets paid a lot of people extremely well for narrow expertise and a few people, poorly, for the big, global views you needed to have if you were to allocate capital across markets. – Michael Lewis, The Big Short
The markets can remain irrational longer than you can remain solvent – John Maynard Keynes
When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you’ve got to get up and dance. We’re still dancing – Chuck Prince, former CEO at Citibank just before the credit crunch.
Something that fails to live up to perfection is more despised than something that was never idealized in the first place – Aaron Brown, former risk manager at Morgan Stanley
I like my women like I like my derivatives trading. OPTIONS! - Boy Plunger
Never in recorded history, has the supply of capital not overwhelmed the supply of opportunity – Joseph Lassiter
It is difficult to get a man to understand something when his salary depends upon his not understanding it – Upton Sinclair
There are two ways to conquer and enslave a nation. One is by sword. The other is by debt." John Adams 1735-1826
Give me control of a nation's money supply, and I care not who makes its laws - Mayer Amschel Rothschild
A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men who, even if their action be honest and intended for the public interest, are necessarily concentrated upon the great undertakings in which their own money is involved and who necessarily, by very reason of their own limitations, chill and check and destroy genuine economic freedom - Woodrow Wilson
We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the world-- no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and the duress of small groups of dominant men. - Woodrow Wilson
I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs" - THOMAS JEFFERSON 1743 - 1826
...slavery is but the owning of labor and carries with it the care of the laborers, while the European plan... is that capital shall control labor by controlling wages-This can be done, by controlling the money. It will not do to allow the Greenback... as we cannot control that." -The Hazard Circular" - July, 1862
Be greedy when others are fearful, be fearful when others are greedy - Warren Buffet
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