The Best Trading Proverbs

Simple rules seldom apply, complex rules are seldom applicable

 

"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

 

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.

 

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.

 

"soldiers lead generals follow"

-old chart readers saying

 

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

-London Times

 

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

-Howard Marks

 

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

-Howard Marks

 

"History does not repeat itself but it does rhyme"

-Mark Twain

 

"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.