Favourite quotes about money/markets/trading

[Red_Ink_inc]

This was posted by an ET member some time ago. Can't remember who but it's a quality quote.

"For most people learning to trade is like a trip to Hell. The Devil Market will torture you in every concievable way, searching out every weakness, stretching every nerve to its breaking point. It will throw you an occasional bone to lure you deeper into the abyss only to strip off more flesh until you are a quivering shell of your former self. Once you get past that stage its a lot of fun."

 

[AKUMATOTENSHI]

"There are liars, dam liars, and then there Statisticians"

 

[aPismoClam]

Quote from Nasdaq5048:

G.K.Chesterton

The real trouble with this world of ours is not that it is an unreasonable world, nor that it is a reasonable one. The commonest kind of trouble is that it is nearly reasonable, but not quite. Life is not an illogicality; yet it is a trap for logicians. It looks just a little more mathematical and regular than it is; its exactitude is obvious, but its inexactitude is hidden; its wildness lies in wait.

Chesterton rocks.

***

"You want a friend? Get a dog."

Market: "A bunch of men acting like a woman."

"Short Fraud." (from Worldco).


***

...Soros has taught me that when you have tremendous conviction on a trade, you have to go for the jugular. It takes courage to be a pig. It takes courage to ride a profit with huge leverage. As far as Soros is concerned, when you're right on something, you can't own enough."

Thought I was the most courageous man around until I started trading. You can't buy courage. I think you can earn it.

 

[hcour]

Amateurs focus on making profits, professionals on controlling losses.

H

 

[Sparohok]

Quote from AKUMATOTENSHI:

"There are liars, dam liars, and then there Statisticians"

Statisticians are nothing but mathematicians broken down by age and sex.

Martin

 

[OddTrader]

"Put all your eggs in one basket, and watch that basket." --- Andrew Carnegie

 

[Mr B]

"don't be a dick for a tick"

an old risk manager

"he is obviously a monk and doesn't care about money"

Paul Rotter dismissing a trader who complained that his manipulation of the bund was "unfair"

"he who pukes last pukes worst"

on cutting losses

 

[viola664]

so true red ink, that about covers it

 

[aPismoClam]

Quote from Mr B:

"don't be a dick for a tick"

an old risk manager

...

too funny.

 

[Cheese]

Quote from Nasdaq5048:
G.K.Chesterton

The real trouble with this world of ours is not that it is an unreasonable world, nor that it is a reasonable one. The commonest kind of trouble is that it is nearly reasonable, but not quite. Life is not an illogicality; yet it is a trap for logicians. It looks just a little more mathematical and regular than it is; its exactitude is obvious, but its inexactitude is hidden; its wildness lies in wait.

G K Chesterton, was the only serious author of fictional works (ie Father Brown Stories), I chose to read in my youth .. preferred serious newspapers, histories, biographies & factual stuff for my leisure reading.