Under a gold standard, sound government has a much better chance; its leaders can say to the people and to the politicians, "We can't do it unless we increase taxes." The gold standard is a form of protection against spendthrift governments.
- Ludwig von Mises - Topics: Inflation, Gold.
The correct conclusion in my view is that we need to be pre-emptive in avoiding these types of problems in the future. Monetary policy should not be aimed at cleaning up a mess, but leaning against the wind to avoid the mess in the future.
- Stephen Roach - Topics: Monetary Policy.
There are no facts in politics, there's only perceptions: what people will believe.
- Jeff Deist - Topics: Politics.
Markets are constantly in a state of uncertainty and flux, and money is made by discounting the obvious and betting on the unexpected.
- George Soros - Topics: Investing, Stock Market.
The long run is a misleading guide to current affairs. In the long run we are all dead.
- John Maynard Keynes - Topics: Government, Debt.
The hardest thing to judge is what level of risk is safe.
- George Soros - Topics: Money Management.
Socialism works fine until you run out of someone else's money.
- Margaret Thatcher - Topics: Government, Socialism, Tax.
Another lesson I learned early is that there is nothing new in Wall Street. There can't be because speculation is as old as the hills.
- Jesse Livermore - Topics: Wall Street, Stock Market.
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.
- Alexander Elder - Topics: Trader, Stock Market.
It pays to write down your plan. You need to know exactly under what conditions you will enter and exit a trade. Do not make decisions on the spur of the moment, when you are vulnerable to being sucked into the crowd. Plans are created by reasoning individuals. Impulsive trades are made by sweaty group members.
With the exception only of the period of the gold standard, practically all governments of history have used their exclusive power to issue money to defraud and plunder the people.
- Friedrich A. Hayek - Topics: Fiat Currency, Government, Inflation.
One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute.
- William Feather - Topics: Investing, Stock Market.
