“October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.” ― Mark Twain
Investment Wisdom Of The Day
“After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: it never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight!
“It is no trick at all to be right on the market. I’ve known many traders who were right at exactly the right time, and began buying or selling stocks when prices were at the very level that should show the greatest profit. And their experience invariably matched mine; that is, they made no real money out of it. Traders who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make the big money.”
Jesse Livermore
Investment Wisdom Of The Day
Investment Wisdom Of The Day
Investment Wisdom Of The Day
Investment Wisdom Of The Day
Investment Wisdom Of The Day
Some of Murphy’s Laws:
- If anything can go wrong, it will.
- Nothing is ever as simple as it seems.
- Everything takes longer than you expect.
- Left to themselves all things go from bad to worse.
- Nature always sides with the hidden flaw.
- Mother Nature is a bitch.
- It is impossible to make anything foolproof because fools are so ingenious.
- If everything seems to be going well, you have obviously overlooked something.
- If you can keep your head when, all around you, others are losing theirs, you just don’t understand the situation.
- For every human problem, there is a neat, simple solution — and it is always wrong.
Investment Wisdom Of The Day
“You get recessions, you have stock market declines. If you don’t understand that’s going to happen, then you’re not ready, you won’t do well in the markets.” – Peter Lynch
Investment Wisdom Of The Day
Investors often claim how easy it is to follow Warren Buffett’s advice. Well, there you go, follow it. I have witnessed the 2000 and 2007 tops first hand and I have studied every single top going back to May 20th of 1790 (first day of trading). Including generational tops of 1929 and 1835. Arguably, investors have never been more greedy than they are today. – Alex Dvorkin
“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”
-Warren Buffett
Investment Wisdom Of The Day
“Were you want to be is always in control, never wishing, always trading, and always, first and foremost protecting your butt. After a while size means nothing. It gets back to whether you’re making 100% rate of return on $10,000 or $100 million dollars. It doesn’t make any difference.” – Paul Tudor Jones