Market Legends

Words of Wisdom

134 Published Quotes New image every 6 hours
Trading Discipline

Nicolas Darvas

I have no ego in the stock market.

Risk management

Paul Tudor Jones

Don't ever average losers.

Patience and cost discipline

Warren E. Buffett

Investors should remember that excitement and expenses are their enemies.

Conviction and Focused Risk Management

Stanley Druckenmiller

I'm very much of the philosophy, which also creates its own discipline: put all your eggs in one basket and watch the basket very carefully.

Contrarian value investing

John Neff

Investment success does not require glamour stocks or bull markets.

Value Investing

Charlie Munger

All intelligent investing is value investing - acquiring more than you are paying for.

Conviction and patience

Bill Ackman

Investing is a business where you can look very silly for a meaningful period of time before you're proven right.

Disciplined investing

George Soros

If investing is entertaining, if you're having fun, you're probably not making any money. Good investing is boring.

Risk management

Ed Seykota

Risk no more than you can afford to lose and also risk enough so that a win is meaningful.

Long-term judgment under uncertainty

John Maynard Keynes

The social object of skilled investment should be to defeat the dark forces of time and ignorance which envelop our future.

Market discipline

Jesse Livermore

Markets are never wrong - opinions often are.

Diversification and risk management

David Swensen

If you diversify your portfolio for a given level of return, you can generate that return at lower risk.

Market efficiency

Eugene Fama

Prices reflect all available information.

Investment vs. speculation

Benjamin Graham and David Dodd

An investment operation is one which, upon thorough analysis, promises safety of principal and a satisfactory return.

Risk management

Mark Minervini

Being wrong is acceptable, but staying wrong is totally unacceptable.

Short Selling & Market Skepticism

Bernard M. Baruch

A market without bears would be like a nation without a free press.

Patience and long-term investing

Seth Klarman

The single greatest edge an investor can have is a long-term orientation.

Bear market opportunity

Shelby Cullom Davis

You make most of your money in a bear market, you just don't realize it at the time.