In this game, the market has to keep pitching, but you don’t have to swing. You can stand there with the bat on your shoulder until you get a fat pitch Warren Buffet I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are […]
Although it’s easy to forget sometimes, a share is not a lottery ticket… it’s part-ownership of a business. Peter Lynch The list of qualities [an investor ought to have] include patience, self-reliance, common sense, a tolerance for pain, open-mindedness, detachment, persistence, humility, flexibility, a willingness to do independent research, an equal willingness to admit mistakes, […]
When I was on Wall Street, we rarely had more than 1:1 leverage, and the highest I recall in my career was 4:1. The idea of leveraging 30:1 or more, as many financial institutions did recently, is not a business. Michael Milken Finance is a craft that can become an art with skill and proper […]
A speculator is a man who observes the future, and acts before it occurs. Bernard M Baruch Never pay the slightest attention to what a company president ever says about his stock. Bernard M Baruch I made money by selling too soon. I never lost money by turning a profit. Bernard M Baruch Most of […]
Most of my thoughts, you couldn´t print. Jim Rogers Those who can not adjust to change will be swept aside by it. Those who recognize change and react accordingly will benefit.¨ Jim Rogers People are too quick to accept conventional wisdom, because it sounds basically true and it tends to be reinforced by both their […]
There are styles in securities as there are in clothes. A security may be undervalued, but if it is also out of style it is of little interest to the speculator. He is, therefore, compelled to study the psychology of the stock market as well as the elements of real value. Phil Carret The contrary […]