The Best Trading Proverbs

[vcir]

Simple rules seldom apply, complex rules are seldom applicable

 

[dealmaker]

"With respect to trading sugar, if they give it away for free at restaurants, you probably don't want to be trading it"
-John L Person 1961

 

[eurusdzn]

Conversely, when a 5lb. bag of sugar has become a 4lb. bag it is probably worth trading.

Domino, pure cane sugar, 5lb bag is 4lb.
People are adverse to price increases but will not notice this.
Check your sugar.

 

[Autodidact]

I personally detest when someone says "Never do this", there are many ways to skin this cat, least we need is a Kool Kat telling us the do's and don'ts. Trade and let trade.

Peace.

 

[dealmaker]

"soldiers lead generals follow"

-old chart readers saying

 

[dealmaker]

"It took 20 years to make George Soros a genius, 4 days to make him a jerk"

-London Times

 

[dealmaker]

"Experience is what you get when you did not get what you wanted"

-Howard Marks

 

[dealmaker]

"Riskiest thing in the world is the belief that there is no risk"

-Howard Marks

 

[dealmaker]

"History does not repeat itself but it does rhyme"

-Mark Twain

 

[newwurldmn]

"The moment everyone wants something, it becomes overvalued" (something along these lines)

from Liar's Poker, on the popularity of Investment Banking as a career right after under grad.