Wit and Wisdom About Money, Wall Street, and Success – Part # 5
The key to investing successfully, like life itself, is having a deep understanding of RISK and REWARD. Fans
I think this means UP is GOOD and DOWN is BAD. People have very strange ideas about success and money. Focus your attention on Understanding RISK and everything will become clear.
Here are some of my favorite quotes on wisdom, money, and risk. Enjoy!
1) Why not invest your assets in the companies that you really like? As Mae West said, “Too good can be wonderful.”
2) People on Wall Street learn nothing and forget everything.
3) Most of the time, common stocks are subject to irrational and excessive price fluctuations in both directions as a consequence of the ingrained tendency of most people to speculate or gamble … to give way to hope, the fear and greed.
4) “Investing and speculation are said to be two different things, and the prudent man is advised to engage in one and avoid the other. This is somewhat like explaining to the troubled teenager that Love and Passion are two. different things. He perceives that they are different, but not
it seems quite different to clear up your problems. ”
-Fred Schwed, Jr., Where are the customer’s yachts?
5) “If you don’t know who it is, the stock market is an expensive place to find out.”
6) “A loss never bothers me after accepting it. I forget it overnight. But being wrong, not taking the loss,
that’s what hurts the pocket and the soul. ”
7) “The action does not know that you are the owner.”
-Adam Smith, The Money Game
8) “I would give $ 1000 to be a millionaire.” – Lewis Timberlake
9) “No, I’m in real trouble. First my laundry called and said they lost my shirt and then my broker said the same thing.”
10) Money is a good servant but a bad master.
-Sir Francis Bacon
11) “Failure is success if we learn from it.”
– Malcolm S. Forbes
12) “Success is not final, failure is not fatal: it is the courage to continue that counts.”
13) “There are two questions you need to answer in order to achieve wealth. What is the worst thing that has happened to you in the markets? Okay. Now what did you learn from that? You will see that most people will talk endlessly about the first topic. However, silence on the second question will make you think you have lost your hearing. “
-Harald Anderson Analyst at eOptionsTrader.com