There are two kinds of investors, be they large or small: those who don't know where the market is headed, and those who don't know that they don't know. Then again, there is a third type of investor - the investment professional, who indeed knows that he or she doesn't know, but whose livelihood depends upon appearing to know.
- William Bernstein - Topics: Wall Street, Stock Market, Investing.
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: Trader, Stock Market, Wall Street.
I believe that anyone who is intelligent, conscientious, and willing to put in the necessary time can be successful on Wall Street. As long as they realize the market is a business like any other business, they have a good chance to prosper.
Average investors can become experts in their own field and can pick winning stocks as effectively as Wall Street professionals by doing just a little research.
- Peter Lynch - Topics: Wall Street, Stock Market, Investing.
Go for a business that any idiot can run - because sooner or later, any idiot probably is going to run it.
- Peter Lynch - Topics: Wealth, Wall Street, Stock Market, Investing.
Owning stocks is like having children. Don't get involved with more than you can handle.
- Peter Lynch - Topics: Wall Street, Stock Market, Money Management, Investing.
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, Forecasting, Stock Market, Wall Street.
Once you think that something is improbable and everybody thinks it, people modify their behavior in a way that makes it more probable. Everyone thought it was so improbable that so many people would default on real estate, it actually created a greater probability that it would happen because more capital flowed into that sector.
- Lloyd Blankfein - Topics: Banking System, Stock Market, Wall Street.
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, Wall Street.
It took me five years to learn to play the game intelligently enough to make big money when I was right.
Markets are irrational in the short term but not over the long term. They sometimes offer fire sale prices on the greatest companies in the world.
- Fred Wilson - Topics: Investing, Opportunity, Stock Market, Wall Street.
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: Stock Market, Money Management, Investing, Trader, Wall Street.
Remember, your goal is to trade well, not to trade often.
The stock market will do whatever it has to do to embarrass the greatest number of people to the greatest extent possible.
- Walter Deemer - Topics: Trader, Stock Market, Wall Street.
There is only one side of the market and it is not the bull side or the bear side, but the right side.
- Jesse Livermore - Topics: Trader, Stock Market.
If stock market experts were so expert, they would be buying stock, not selling advice.
- Norman R. Augustine - Topics: Investing, Stock Market, Wall Street.
Everyone has the brainpower to follow the stock market. If you made it through fifth-grade math, you can do it.
- Peter Lynch - Topics: Investing, Stock Market, Wall Street.
Any fool can buy a company. You should be congratulated when you sell.
- Henry Kravis - Topics: Stock Market, Investing, Trader, Wall Street.
When all the experts and forecasts agree, something else is going to happen.
- Bob Farrell - Topics: Wall Street, Trader, Stock Market, Investing.
People who exit the stock market to avoid a decline are odds-on favorites to miss the next rally.
- Peter Lynch - Topics: Wall Street, Trader, Stock Market, Opportunity, Investing.
Many traders ride an emotional roller coaster and miss the essential element of winning: the management of their emotions.
- Alexander Elder - Topics: Stock Market, Trader, Wall Street.
If investing is entertaining, if you're having fun, you're probably not making any money. Good investing is boring.
- George Soros - Topics: Investing, Money Management, Stock Market, Trader, Wall Street, Wealth.
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.
The pockets change, the suckers change, the stocks change, but Wall Street never changes, because human nature never changes.
- Jesse Livermore - Topics: Stock Market, Money Management, Investing, Trader, Wall Street.
I made a killing in the stock market. My broker lost all my money, so I killed him.
- Jim Loy - Topics: Stock Market, Broker, Wall Street.
I believe the very best money is made at the market turns. Everyone says you get killed trying to pick tops and bottoms and you make all your money by playing the trend in the middle. Well for twelve years I have been missing the meat in the middle but I have made a lot of money at tops and bottoms.
- Paul Tudor Jones - Topics: Stock Market, Trader, Wall Street.
It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
- Warren Buffett - Topics: Wall Street, Stock Market, Investing.
Price is what you pay, value is what you get.
- Warren Buffett - Topics: Stock Market, Investing.
In this business, if you're good, you're right six times out of ten. You're never going to be right nine times out of ten.
- Peter Lynch - Topics: Trader, Stock Market, Investing.
If you let the market make you feel high or low, you will lose money.
- Alexander Elder - Topics: Trader, Stock Market.
If something cannot go on forever, it will stop.
- Herbert Stein - Topics: Stock Market.
Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.
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.
Find the trend whose premise is false, and bet against it.
- George Soros - Topics: Forecasting, Investing, Stock Market, Trader, Wall Street.
If you don't study any companies, you have the same success buying stocks as you do in a poker game if you bet without looking at your cards.
- Peter Lynch - Topics: Investing, Stock Market.
Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.
- John Templeton - Topics: Investing, Stock Market.
I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.
- Warren Buffett - Topics: Stock Market, Investing, Wall Street.
Successful trading is always an emotional battle for the speculator, not an intelligent battle.
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: Wall Street, Trader, Stock Market, Investing.
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