Quotes, Sound-bites & Nuggets of Wisdom

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
 
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I am compiling a collection of quotes, one-liners, sound-bites, nuggets of wisdom (call it what you like..


Why?
 
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

That was Edwin Lefevre not Livermore and incidentally, you missed the next sentence which is probably one of the most important sentences ever written when it comes to trading profitably.
 
"The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks."
-Lord Acton
 
That was Edwin Lefevre not Livermore and incidentally, you missed the next sentence which is probably one of the most important sentences ever written when it comes to trading profitably.

Are you sure about that? I have the next sentence as being “I’ve never forgotten that”. If what you are saying is correct then Edwin Lefevre has contributed more to your trading than Jesse Livermore.
 
Are you sure about that? I have the next sentence as being “I’ve never forgotten that”. If what you are saying is correct then Edwin Lefevre has contributed more to your trading than Jesse Livermore.

I guess that's true. Reminiscences contributed more than "How to Trade in Stocks".

You are right on the next sentence. I left that out in my sig. It's the one after :)
 
I guess that's true. Reminiscences contributed more than "How to Trade in Stocks".

You are right on the next sentence. I left that out in my sig. It's the one after :)

Not really fair to attribute it to Edwin though is it? He was a writer not a trader. I've read "Worlds Greatest Sock Trader" by Richard Smitten which is meant to be the true life story of Jesse Livermore. The anecdotes in both books seem to be very similar.
 
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


I'm gonna be regular:.....most people.
 
Make your own luck. Work hard, put in the time and the effort, and you get lucky.

Tom Baldwin, quoted by Schwager in Market Wizards.
 
“There seems to be some perverse human characteristic that likes
to make easy things difficult.”

Warren Buffett
 
So, does that mean if I think much of what I think I know is incorrect, is also incorrect and therefore much of what I think I know, I really do know?
 
So, does that mean if I think much of what I think I know is incorrect, is also incorrect and therefore much of what I think I know, I really do know?

Incorrect.

really howard I read quite alot of the quotes on your website and most of them are cr@p. Why don't you stop trying to force a square peg through a round hole?
 
really howard I read quite alot of the quotes on your website and most of them are cr@p. Why don't you stop trying to force a square peg through a round hole?

Lucky for me, more like them than dislike them. Those that like them come back frequently. Those that don't, don't. Works for me. :cool:
 
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