Market Legends

Words of Wisdom

138 Published Quotes New image every 6 hours
Discipline and execution

Richard Dennis

I always say that you could publish trading rules in the newspaper and no one would follow them.

Trading psychology

Ed Seykota

Win or lose, everybody gets what they want out of the market.

Market psychology

Gerald M. Loeb

The most important single factor shaping security markets is public psychology.

Price Discipline

Howard Marks

Good investing doesn't come from buying good things, but from buying things well.

Reflexivity and market fallibility

George Soros

First, financial markets, far from accurately reflecting all the available knowledge, always provide a distorted view of reality.

Decisive action

Carl Icahn

In life and in business, there are two cardinal sins. The first is to act precipitously without thought, and the second is to not act at all.

Costs matter

John C. Bogle

In investing, realize that you get what you don't pay for.

Investor psychology and discipline

Benjamin Graham

The investor's chief problem - and even his worst enemy - is likely to be himself.

Long-term ownership

Warren Buffett

When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.

Value investing, contrarian discipline, valuation

Seth Klarman

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

Concentration and vigilance

Jim Rogers

The way to get rich is to put your eggs in one basket, but watch that basket very carefully.

Market timing humility

Bernard M. Baruch

Don't try to buy at the bottom and sell at the top. This can't be done -- except by liars.

Complacency and systemic risk

Hyman Minsky

Stability is destabilizing.

Manager Selection

David Swensen

What's the real secret? People, people, people. The real secret is relationships with the absolute highest quality people.

Forecasting humility

Peter Bernstein

Forecasts create the mirage that the future is knowable.

Risk Management

William J. O'Neil

The whole secret to winning big in the stock market is not to be right all the time, but to lose the least amount possible when you're wrong.

Contrarian value investing

John Neff

It's not always easy to do what's not popular, but that's where you make your money.

Analysis Over Prediction

Nicolas Darvas

I believe in analysis and not forecasting.