The Best Trading Proverbs

he bounced back since that quote. he was only down 10% at the time of the quote.

 

"Whatever method we use to pick stocks...your ultimate success or failure will depend on your ability to ignore the worries of the world long enough to allow your investments to succeed. It isn't the head but the stomach that determines the fate of the stock-picker."

-Peter Lynch

 

"The most important lesson in investing is humility"

-Sir John Tempelton

 

The only certainties are time decay and transaction costs.
- from an options trader

 

"All great truths begin as blasphemies"

-George Bernard Shaw

 

"Luck favors the prepared"

-Louis Pasteur

 

On Planning-

"If I had 8 hours to cut down and tree I'd spend 6 sharpening my axe."

-President Abraham Lincoln

 

"Love's Trading's a game. Wanna play?"
- Taylor Swift

 

Trading disasters are funny, as long as they are happening to somebody else.

 

"There are two kinds of people who lose money: those who know nothing and those who know everything"

-Henry Kaufmann ( to Forbes 10/19/98, LTCM fits the second case)