It is essential to wait for trades with a good risk / reward ratio. Patience is a virtue for a trader.
- Alexander Elder - Topics: Trader, Money Management.
The hardest thing to judge is what level of risk is safe.
- George Soros - Topics: Money Management.
Europe is just like the sinking Titanic: not even first class passengers can save themselves.
- Giulio Tremonti - Topics: Debt, Eurocrisis.
This EU is the New Communism. It is Power without Limits.
- Nigel Farage - Topics: Eurocrisis.
If you let the market make you feel high or low, you will lose money.
- Alexander Elder - Topics: Trader, Stock Market.
The issue is always the same: the government or the market. There is no third solution.
- Ludwig von Mises - Topics: Government.
Some experts have declared that it is necessary to tax the people until it hurts. I disagree with these sadists.
- Ludwig von Mises - Topics: Tax.
Succesful institutional traders often talk of quitting and going to trade for themselves. Only a handful of them manage to make the transition. Most traders who leave institutions get caught up in the emotions of fear, greed, elation, and panic when they start risking their own money.
Economists are pessimists: they've predicted 8 of the last 3 depressions.
- Barry Asmus - Topics: Economist.
The old saying holds. Owe your banker $1000 and you are at his mercy; owe him $1 million and the position is reversed.
- John Maynard Keynes - Topics: Debt.
Governments are like primitive cannibals feasting on a great treasure trove of sheeple. You can't force them out, and you can't vote them out. But you can sure as hell starve them out. When enough people pick up and leave, essentially voting with their feet, it accelerates the system crash.
- Simon Black - Topics: Tax, Government.
By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some.
- John Maynard Keynes - Topics: Government, Inflation.
