Market Legends

Words of Wisdom

133 Published Quotes New image every 6 hours
Liquidity and market cycles

Stanley Druckenmiller

over the intermediate term liquidity moves markets much, much more than earnings do.

Diversification and discipline

Ray Dalio

For that reason, I believe that for most investors managing their own portfolios, investing should be done with little or no market timing.

Trading Through Uncertainty

Louis Bacon

As a speculator you must embrace disorder and chaos.

Trend Following / Discipline

Ed Seykota

Trend following is an exercise in observing and responding to the ever-present moment of now.

Career Risk

Jeremy Grantham

The central truth of the investment business is that investment behavior is driven by career risk.

Asset allocation discipline

David Swensen

Asset allocation is far and away the most important tool that we have available to us as investors.

Experience, discipline, and market education

Jesse Livermore

The game taught me the game. And it didn't spare the rod while teaching.

Contrarian value investing

Walter Schloss

If the stock goes down we want to buy more.

Liquidity and risk management

Sam Zell

Liquidity=Value.

Momentum and market psychology

William J. O'Neil

What seems too high and risky to the majority generally goes higher, and what seems low and cheap generally goes lower.

Contrarian value investing

Benjamin Graham

The intelligent investor is a realist who sells to optimists and buys from pessimists.

Downside Protection

Mohnish Pabrai

If you can make bets where your downside is covered, that is much of the battle.

Contrarian investing

Sir John Templeton

But, if you buy the same securities everyone else is buying, you will have the same results as everyone else.

Credit cycles

Howard Marks

The longer I'm involved in investing, the more impressed I am by the power of the credit cycle.

Index investing and diversification

John C. Bogle

When you understand how hard it is to find that needle, simply buy the haystack.

Emotional discipline in investing

Peter Lynch

The stock does not know you own it.

Contrarian investing

Carl Icahn

When most investors, including the pros, all agree on something, they're usually wrong.

Trading Discipline

Nicolas Darvas

I have no ego in the stock market.