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Business and Investing Quotations
- Thread starter TMTrader
- Start date
"You're crazy if you think the game is completely fair."
- Jim Cramer
âMore generally, running an investment portfolio is not work in the ordinary sense of the word. It is something else. It is risk taking. The amount of work you need to do is inversely related to your success. That is to say, if you are a salesman or a craftsman, your success is directly related to the amount of work you put in. The more you hammer away, the more goods you produce; the more customers you visit, the more orders you are likely to take. There is a direct relationship. When you are taking risks, if you make the right judgment, if you have the right insight, then you donât need to work very hard. But if you make a mistake, and there is a divergence between your hypothesis and the actual course of events, you need to do some serious research to find out whatâs wrong. The less successful you are, the more youâre going to have to work to correct the situation. If the portfolio is doing well, youâll have to work less. There is an inverse relationship.â
- George Soros
âI donât work, so money donât really mean anything to me.â
- Jackie (from that 70s show)
Ally: "Love isn't always enough."
Larry: "If you go without it long enough, you realize it's everything."
â Ally Mcbeal
"Life is not measured by the number of breaths we take, but by the moments that take our breath away."
- George Carlin
- Jim Cramer
âMore generally, running an investment portfolio is not work in the ordinary sense of the word. It is something else. It is risk taking. The amount of work you need to do is inversely related to your success. That is to say, if you are a salesman or a craftsman, your success is directly related to the amount of work you put in. The more you hammer away, the more goods you produce; the more customers you visit, the more orders you are likely to take. There is a direct relationship. When you are taking risks, if you make the right judgment, if you have the right insight, then you donât need to work very hard. But if you make a mistake, and there is a divergence between your hypothesis and the actual course of events, you need to do some serious research to find out whatâs wrong. The less successful you are, the more youâre going to have to work to correct the situation. If the portfolio is doing well, youâll have to work less. There is an inverse relationship.â
- George Soros
âI donât work, so money donât really mean anything to me.â
- Jackie (from that 70s show)
Ally: "Love isn't always enough."
Larry: "If you go without it long enough, you realize it's everything."
â Ally Mcbeal
"Life is not measured by the number of breaths we take, but by the moments that take our breath away."
- George Carlin
"This land is blessed in having to surmount only one tyranny: that of the status quo." - Milton and Rose Friedman
Three from Warren Buffett on the topic of the Efficient Market Hypothesis:
"I'd be a bum on the street with a tin cup if the markets were always efficient."
"Investing in a market where people believe in efficiency is like playing bridge with someone who has been told it doesn't do any good to look at the cards."
"It has been helpful to me to have tens of thousands (of students) turned out of business schools taught that it didn't do any good to think."
DS
"I'd be a bum on the street with a tin cup if the markets were always efficient."
"Investing in a market where people believe in efficiency is like playing bridge with someone who has been told it doesn't do any good to look at the cards."
"It has been helpful to me to have tens of thousands (of students) turned out of business schools taught that it didn't do any good to think."
DS