Famous, Timeless Trading & Investing Quotes
[BigTrends.com Editor's Note: We've edited down this list to some of the best and most appropriate ones for technical analysis and option trading purposes. Several from Jessie Livermore at the bottom, who is one of our favorites -- his 100 year old sayings about trading and "reading the tape" are constantly applicable today.]
General Investing Trading Quotes:
Buy on fear, sell on greed.
Buy on the rumor, sell on the news.
The trend is your friend.
Amateurs want to be right. Professionals want to make money.
Sir John Templeton Quotes:
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.
If you want to have a better performance than the crowd, you must do things differently from the crowd.
The four most dangerous words in investing are 'This time it's different'.
Warren Buffett Quotes:
If you expect to continue to purchase stocks throughout your life, you should welcome price declines as a way to add stocks more cheaply to your portfolio.
We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
George Soros Quotes:
Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.
The financial markets generally are unpredictable. So that one has to have different scenarios. 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. Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.
Peter Lynch Quotes:
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.
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.
I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy. You won't get there by reading 'Now is the time to buy.'
Go for a business that any idiot can run - because sooner or later, any idiot probably is going to run it.
Benjamin Graham Quotes:
Wall Street people learn nothing and forget everything.
Most of the time common stocks are subject to irrational and excessive price fluctuations in both directions as the consequence of the ingrained tendency of most people to speculate or gamble... to give way to hope, fear and greed.
Jack Bogle Quotes:
Time is your friend; impulse is your enemy.
If you have trouble imaging a 20% loss in the stock market, you shouldn't be in stocks.
William O'Neil Quotes:
What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower.
Jim Cramer Quotes:
As long as you enjoy investing or trading, you'll be willing to do the homework and stay in the game.
Picking the right stocks is one of the hardest parts of investing, and myself and other professionals try to take some of that burden off your shoulders.
Jesse Livermore Quotes:
When I'm bearish and I sell a stock, each sale must be at a lower level than the previous sale. When I am buying, the reverse is true. I must buy on a rising scale. I don't buy long stocks on a scale down, I buy on a scale up. The price pattern reminds you that every movement of importance is but a repetition of similar price movements, that just as soon as you can familiarize yourself with the actions of the past, you will be able to anticipate and act correctly and profitably upon forthcoming movements.
I never hesitate to tell a man that I am bullish or bearish. But I do not tell people to buy or sell any particular stock. In a bear market all stocks go down and in a bull market they go up.
Alan Greenspan:
It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations, enhances a person's ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making. Courtesy of invest2success.com