You are on page 1of 5

(1)When buying (not selling) hamburgers, do you want the price high or low?

\n(2 )When buying (not selling) a car, do you want the price high or low? \n(3)When b uying (not selling) stock, do you want the price high or low? \n\nEverybody gets #3 wrong.------- Warren Buffett Volatility is a symptom that people have no idea of the underlying value.\n\n>-Jeremy Grantham Sometimes I wonder whether the world is being run by smart people who are puttin g us on or by imbeciles who really mean it.\n\n>-- Mark Twain My predictions are so farsighted that none of them have yet to come true.\n\n>-Bylo Selhi He who keeps all his eggs in one basket may find that the yolk is on him.\n\n>-Howard Money is better than poverty, if only for financial reasons. \n\n>-- Woody Allen Don't walk behind me, I may not lead. Don't walk in front of me, I may not follo w. Just walk beside me and be my friend. \n\n>-- Albert Camus Put all your eggs in one basket -- but watch the basket very carefully.\n\n>-- M ark Twain Ignorance more frequently begets confidence than does knowledge.\n\n>-- Charles Darwin It doesn't cost anything to be nice. But look at the return you get on the inves tment.\n\n>-- Jason Gibbs In investing, the return you want should depend upon whether you want to eat wel l or sleep well.\n\n>-- J. Kenfield Morley Buy a stock the way you'd buy a house. Understand and like it such that you'd be content to own it in the absent of any market.\n\n>-- Warren Buffett If you don't profit from your investment mistakes, someone else will.\n\n>-- Yal e Hirsch The facts are unimportant. It is what they are perceived to be that determines t he course of events.\n\n>-- R. Earl Hadady If a battered stock refuses to sink any lower no matter how many negative articl es appear, that stock is worth considering.\n\n>-- James L. Fraser (Contrary Inv estor) We pay the debts of the last generation by issuing bonds payable by the next gen eration.\n\n>-- Lawrence J. Peter When I have to depend upon hope in a trade, I get out of it.\n\n>-- Jesse Liverm ore Anybody who plays the stock market not as an insider is like a man buying cows i n the moonlight.\n\n>-- Daniel Drew (1797-1879) Markets can remain irrational longer than you can remain solvent.\n\n>-- John Ma ynard Keynes A gold mine is a hole in the ground with a liar on top.\n\n>-- Mark Twain The search for truth is more precious than its possession.\n\n>-- Albert Einstei n Learning without thought is labor lost; thought without learning is perilous.\n\ n>-- Confucius You cannot do a kindness too soon for you never know how soon it will be too lat e.\n\n>-- Ralph Waldo Emerson Diversification is a protection against ignorance.\n\n>-- Warren Buffett We think that we think clearly, but that is only because we don't think clearly. \n\n>-- Brian Josephson Noise proves nothing. Often a hen who has merely laid an egg cackles as if she h as laid an asteroid.\n\n>-- Samuel Clemens Don't confuse brains with a bull market.\n\n>-- Humphrey Neill If you think education is expensive, try ignorance.\n\n>-- Emma Goldman Those who ignore history are bound to repeat it.\n\n>-- Winston Churchill If you study stock market history ... you will STILL repeat it.\n\n>-- gummy People don't refuse money. That's what separates us from animals.\n\n>-- Seinfel d (to Kramer) A junk bond is a loan to your little brother. A high-quality bond is a loan to y

our little brother by the Gambino family.\n\n>-- P.J. O'Rourke No amount of experimentation can ever prove me right; a single experiment can pr ove me wrong.\n\n>-- Einstein The only thing we know for certain about technical analysis is that it's possibl e to make a living publishing a newsletter on the subject.\n\n>-- William Gross Institutions tend to dump stock in a single transaction and buy, if possible, in smaller lots, gradually accumulating a position. Therefore, many more big block s are traded on downticks.\n\n>-- Justin Mamis If I owe a million dollars I am lost, but if I owe a billion dollars the banker s are lost.\n\n>-- Celso Ming A bank is a place where they lend you an umbrella in fair weather then ask for i t back when it begins to rain.\n\n>-- Robert Frost Investors operate with limited funds and limited intelligence, they don't need t o know everything. As long as they understand something better than others, they have an edge.\n\n>-- George Soros In this game, the markets have to keep pitching, but you don't have to swing. Yo u can stand there with the bat on your shoulder for six months until you get a f at pitch.\n\n>-- Warren Buffett Those heroes of finance are like beads on a string, when one falls off the rest follow.\n\n>-- Henrik Ibsen In a philosophical dispute, he who is defeated gains most, since he learns most. \n\n>-- Epicurus There is only one side of the market and it is not the bull side or the bear sid e, but the right side.\n\n>-- Jesse Livermore I don't know where speculation got such a bad name, since I know of no forward l eap which was not fathered by speculation.\n\n>-- John Steinbeck Spend at least as much time researching a stock as you would choosing a refriger ator.\n\n>-- Peter Lynch The first rule is not to lose. The second rule is not to forget the first rule.\ n\n>-- Warren Buffett When possible, use ACTUAL data and not some mathematical proxy.\n\n>-- gummy Every successful enterprise requires three people - a dreamer, a businessman and a son-of-a-bitch.\n\n>-- Peter McArthur (1904) With enough inside information and a million dollars, you can go broke in a year .\n\n>-- Warren Buffett If all the economists in the world were laid end to end, they still couldn't rea ch a conclusion.\n\n>-- George Bernard Shaw Short-term volatility is greatest at the turning points and diminishes as a tren d becomes established.\n\n>-- George Soros If you don't know who you are, the stock market is an expensive place to be.\n\n >-- George Goodman (1959) The usual bull market successfully weathers a number of tests until it is consid ered invulnerable, whereupon it is ripe for a bust.\n\n>-- George Soros You try to be greedy when others are fearful and fearful when others are greedy. \n\n>-- Warren Buffett There have been three great inventions since the beginning of time: Fire, the Wh eel and Central Banking.\n\n>-- Will Rogers A cynic is a man who knows the price of everything and the value of nothing.\n\n >-- Oscar Wilde Financial genius is a rising stock market.\n\n>-- John Kenneth Galbraith A statistician is someone who can draw a straight line from an unwarranted assum ption to a foregone conclusion.\n\n>-- Anonymous It is appallingly obvious that our technology exceeds our humanity.\n\n>-- Alber t Einstein Genius is one percent inspiration, and ninety-nine percent perspiration.\n\n>-Thomas Alva Edison The most beautiful thing we can experience is the mysterious. It is the source o f all true art and all science. He to whom this emotion is a stranger, who can n o longer pause to wonder and stand rapt in awe, is as good as dead: his eyes are closed.\n\n>-- Albert Einstein

Only two things are infinite, the universe and human stupidity, and I'm not sure about the former.\n\n>-- Albert Einstein One should always change the meaning of a word when practising the art of obfusc ation. (e.g. the word 'Risk')\n\n>-- gummy Reality is merely an illusion, albeit a very persistent one.\n\n>-- Albert Einst ein It is unwise to be too sure of one's own wisdom. It is healthy to be reminded th at the strongest might weaken and the wisest might err.\n\n>-- Gandhi As the island of our knowledge grows, so does the shore of our ignorance.\n\n>-John Wheeler We shall not cease from exploration, and the end of all our exploring will be to arrive where we started and know the place for the first time.\n\n>-- T. S. Eli ot Most people would rather die than think; in fact, they do so.\n\n>-- Bertrand Ru ssell The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore, all progress depends on the un reasonable man.\n\n>-- George Bernard Shaw The opposite of a correct statement is a false statement. The opposite of a prof ound truth may well be another profound truth.\n\n>-- Niels Bohr In my opinion, the greatest single failure of American education is that student s come away unable to distinguish between a symbol and the thing the symbol stan ds for.\n\n>-- Paul Lutus I do not feel obliged to believe that the same God who has endowed us with sense , reason, and intellect has intended us to forgo their use.\n\n>-- Galileo Galil ei Great spirits have always found violent opposition from mediocrities. The latter cannot understand it when a man does not thoughtlessly submit to hereditary pre judices but honestly and courageously uses his intelligence.\n\n>-- Albert Einst ein You must be the change you wish to see in the world.\n\n>-- Mahatma Gandhi In any non-trivial axiomatic system, there are true theorems which cannot be pro ven.\n\n>-- Kurt Godel The best way to predict the future is to invent it.\n\n>-- Alan Kay With each passing year, because of advances in computer technology, there are mo re things, each more sophisticated, that we aren't allowed to do any more.\n\n>- Paul Lutus We do not inherit the land, we borrow it from our children.\n\n>-- Native Americ an Proverb It is better to remain silent and be thought a fool than to open one's mouth and remove all doubt.\n\n>-- Voltaire Life is what happens to us while we're making other plans.\n\n>-- John Lennon Be careful while reading health books, you might die of a misprint.\n\n>-- Mark Twain Man is the only animal that blushes -- or needs to.\n\n>-- Mark Twain He who asks is a fool for five minutes, but he who does not ask remains a fool f orever.\n\n>-- Chinese Proverb If men could get pregnant, abortion would be a sacrament.\n\n>-- Florynce R. Ken nedy It has been said that the primary function of schools is to impart enough facts to make children stop asking questions. Some, with whom the schools do not succe ed, become scientists.\n\n>-- Knut Schmidt-Nielsen If you really want to be lonely, get married.\n\n>-- Gloria Steinem In some sort of crude sense, which no vulgarity, no humor, no overstatement can quite extinguish, the physicists have known sin; and this is a knowledge which t hey cannot lose.\n\n>-- J. Robert Oppenheimer A person who won't think has no advantage over one who can't think.\n\n>-- Paul Lutus The test of a first-rate intelligence is the ability to hold two opposed ideas i n the mind at the same time, and still retain the ability to function.\n\n>-- F.

Scott Fitzgerald Any intelligent woman who reads the marriage contract and then goes into it, des erves all the consequences.\n\n>-- Isadora Duncan Truth never damages a cause that is just.\n\n>-- Gandhi Please accept my resignation. I don't care to belong to any club that will have me as a member.\n\n>-- Groucho Marx As far as the laws of mathematics refer to reality, they are not certain, and as far as they are certain, they do not refer to reality.\n\n>-- Albert Einstein People are always blaming their circumstances for what they are. I don't believe in circumstances. The people who get on in this world are the people who get up and look for the circumstances they want, and, if they can't find them, make th em.\n\n>-- George Bernard Shaw I am quite serious when I say that I do not believe there are, on the whole eart h besides, so many intensified bores as in these United States. No man can form an adequate idea of the real meaning of the word, without coming here.\n\n>-- Ch arles Dickens Americans are willing to go to enormous trouble and expense defending their prin ciples with arms, very little trouble and expense advocating them with words. Te mperamentally we are ready to die for certain principles (or, in the case of ove rripe adults, send youngsters to die), but we show little inclination to adverti se the reasons for dying.\n\n>-- E.B. White To succeed in life, you need two things: ignorance and confidence.\n\n>-- Mark T wain When you read the history of the human family, it slowly comes to you that all t he world's oceans once fell as tears.\n\n>-- Paul Lutus I never saw a wild thing sorry for itself. A small bird will drop frozen dead fr om a bough without ever having felt sorry for itself.\n\n>-- D. H. Lawrence There are only two ways to live your life. One is as though nothing is a miracle . The other is as though everything is a miracle.\n\n>-- Albert Einstein A mathematician is a machine for turning coffee into theorems.\n\n>-- Paul Erdos Money is better than poverty, if only for financial reasons.\n\n>-- Woody Allen Many a man has found the acquisition of wealth only a change, not an end of mise ries.\n\n>-- Seneca There are only two tragedies in life: one is not getting what one wants, the oth er is getting it.\n\n>-- Oscar Wilde In a country well governed, poverty is something to be ashamed of. In a country badly governed, wealth is something to be ashamed of.\n\n>-- Confucius I've been poor and I've been rich. Rich is better.\n\n>-- Sophie Tucker If you want to know what God thinks of money, just look at the people he gave it to.\n\n>-- Dorothy Parker My problem lies in reconciling my gross habits with my net income.\n\n>-- Errol Flynn Wealth, in even the most improbable cases, manages to convey the aspect of intel ligence.\n\n>-- John Kenneth Galbraith A rich man is nothing but a poor man with money.\n\n>-- W. C. Fields Formal education will make you a living; self-education will make you a fortune. \n\n>-- Jim Rohn Prosperity depends more on wanting what you have than having what you want.\n\n> -- Geoffrey F. Abert Riches are not from abundance of worldly goods, but from a contented mind.\n\n>- Mohammed My riches consist not in the extent of my possessions, but in the fewness of my wants.\n\n>-- J. Brotherton The statistics on sanity are that one out of every four Americans is suffering f rom some form of mental illness. Think of your three best friends. If they're ok ay, then it's you.\n\n>-- Rita Mae Brown Facts are stubborn, but statistics are more pliable.\n\n>-- Mark Twain Like other occult techniques of divination, the statistical method has a private jargon deliberately contrived to obscure its methods from non-practitioners.\n\ n>-- G. O. Ashley