Market Legends

Words of Wisdom

134 Published Quotes New image every 6 hours
Risk Management

Peter L. Bernstein

The riskiest moment is when you're right.

Contrarian investing

Warren Buffett

When investing, pessimism is your friend, euphoria the enemy.

Risk Management

Gerald M. Loeb

The most important single thing I learned is that accepting losses promptly is the first key to success.

Trading discipline and information edge

Paul Tudor Jones

The secret to being successful from a trading perspective is to have an indefatigable and an undying and unquenchable thirst for information and knowledge.

Risk Avoidance

Charlie Munger

All I want to know is where I'm going to die, so I'll never go there.

Patience and selectivity

Jim Rogers

I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up.

Expectations Move Markets

Joseph de la Vega

The expectation of an event creates a much deeper impression upon the exchange than the event itself.

Contrarian thinking under uncertainty

George Soros

Markets are constantly in a state of uncertainty and flux, and money is made by discounting the obvious and betting on the unexpected.

Long-term investing / market noise

John C. Bogle

The stock market is a giant distraction from the serious business of investing.

Price action over opinion

Nicolas Darvas

I could not hear what people said, but I could see what they did.

Second-order thinking

John Maynard Keynes

Successful investing is anticipating the anticipations of others.

Market psychology versus intrinsic value

Benjamin Graham

In the short run, the market is a voting machine; in the long run, however, it becomes a weighing machine.

Market timing and investor psychology

Howard Marks

No one really knows whether something will get cheaper in the days and weeks ahead - that's a matter of predicting investor psychology, which is somewhere between challenging and impossible.

Efficient Markets

Burton G. Malkiel

A blindfolded monkey throwing darts at a newspaper's financial pages could select a portfolio that would do just as well as one carefully selected by the experts.

Risk discipline and trend following

David Ricardo

Cut short your losses; Let your profits run on.

Risk, uncertainty, market extremes

Richard Dennis

You should expect the unexpected in this business; expect the extreme.

Value investing discipline

Seth Klarman

Value investing at its core is the marriage between a contrarian streak and a calculator.

Know What You Own

Peter Lynch

The single most important thing to me in the stock market for anyone is to know what you own.