Stock Market Sayings and Quotations
Finance and Investment Quotations and Sayings from Wall Street the City and other Stock Markets
After many years of "playing the stock-markets" I have heard so many stock market saying and quotations, some very amusing, some very contradictory. Here are some of my favourites, including some that are actually useful and wise advice and some that are amusing, from the likes of Warren Buffett ("The Sage of Omaha"), Peter Lynch, Benjamin Graham (Buffett's metor and teacher), Nassim Nicholas Taleb (The Author of The Black Swan Books) and of course, Mark Twain.
Warren Buffett Quotations
Warren Buffett is one of the most prolific providers of quotable sayings, although this is partly because he has been doing it so long (and still coming out a few new ones each year)Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1A public-opinion poll is no substitute for thought.Beware of geeks bearing formulas.Chains of habit are too light to be felt until they are too heavy to be broken.Derivatives are financial weapons of mass destruction.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 yearsIf a business does well, the stock eventually follows.If past history was all there was to the game, the richest people would be librarians.In the business world, the rearview mirror is always clearer than the windshield.It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.Only when the tide goes out do you discover who's been swimming naked.Our favorite holding period is forever.Price is what you pay. Value is what you get.Risk comes from not knowing what you're doing.Someone's sitting in the shade today because someone planted a tree a long time ago.The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.The investor of today does not profit from yesterday's growth.The only time to buy these is on a day with no "y" in it.There seems to be some perverse human characteristic that likes to make easy things difficult.Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.We believe that according the name 'investors' to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a 'romantic.'We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.When you combine ignorance and leverage, you get some pretty interesting results.Why not invest your assets in the companies you really like? As Mae West said, "Too much of a good thing can be wonderful".Wide diversification is only required when investors do not understand what they are doing.You do things when the opportunities come along. I've had periods in my life when I've had a bundle of ideas come along, and I've had long dry spells. If I get an idea next week, I'll do something. If not, I won't do a damn thing.You only have to do a very few things right in your life so long as you don't do too many things wrong.Your premium brand had better be delivering something special, or it's not going to get the business.
Old Stock Market Adages
Perhaps one of the most well-known stock market adage is:"sell in May and stay away until St. Leger's Day."
An old, English saying referring to the habit of the London City boys disappearing for The Season and only coming back to work after the last horse race of the season. Often translated to Halloween for the American market.
A Random Walk On Wall Street
Benjamin Graham Quotations
Warren Buffett's Mentor
More of My Favourite Investment Sayings
A few More Rules for Success
Wall Street Quotations
Everything that gristles is not gold - William Shakespeare
"Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head." ~ Warren Buffett