It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong.
- George Soros - Topics: Trader, Stock Market, Investing.
There's no shame in losing money on a stock. Everybody does it. What is shameful is to hold on to a stock, or worse, to buy more of it when the fundamentals are deteriorating.
- Peter Lynch - Topics: Investing, Money Management, Stock Market.
When the market deviates from your analysis, you have to cut losses without fuss or emotions.
- Alexander Elder - Topics: Money Management, Trader.
How long can a central bank continue an inflation? Probably as long as people are convinced that the government, sooner or later, but certainly not too late, will stop printing money and thereby stop decreasing the value of each unit of money. When people no longer believe this, when they realize that the government will go on and on without any intention of stopping, then they begin to understand that prices tomorrow will be higher than they are today. Then they begin buying at any price, causing prices to go up to such heights that the monetary system breaks down.
- Ludwig von Mises - Topics: Inflation.
The government takes your money away with taxes and then hires people to bother you even more.
- Marc Faber - Topics: Government.
Be thankful we're not getting all the government we're paying for.
- Will Rogers - Topics: Tax, Government.
Just as the sound money policy of gold standard advocates went hand in hand with liberalism, free trade, capitalism and peace, so is inflationism part and parcel of imperialism, militarism, protectionism, statism and socialism.
- Ludwig von Mises - Topics: Liberalism, Inflation, Gold, Socialism.
If you let the market make you feel high or low, you will lose money.
- Alexander Elder - Topics: Trader, Stock Market.
One has not only a legal, but a moral responsibility to obey just laws. Conversely, one has a moral responsibility to disobey unjust laws.
- Martin Luther King - Topics: Government.
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.
Derivatives are financial weapons of mass destruction.
- Warren Buffett - Topics: Derivatives.
Socialism works fine until you run out of someone else's money.
- Margaret Thatcher - Topics: Government, Socialism, Tax.
