Favourite quotes about money/markets/trading

Discussion in 'Trading' started by lmn, Jul 6, 2006.

  1. This was posted by an ET member some time ago. Can't remember who but it's a quality quote.

    "For most people learning to trade is like a trip to Hell. The Devil Market will torture you in every concievable way, searching out every weakness, stretching every nerve to its breaking point. It will throw you an occasional bone to lure you deeper into the abyss only to strip off more flesh until you are a quivering shell of your former self. Once you get past that stage its a lot of fun."
     
    #11     Jul 6, 2006
  2. "There are liars, dam liars, and then there Statisticians"
     
    #12     Jul 7, 2006
  3. Chesterton rocks.

    ***

    "You want a friend? Get a dog."

    Market: "A bunch of men acting like a woman."

    "Short Fraud." (from Worldco).


    ***


    Thought I was the most courageous man around until I started trading. You can't buy courage. I think you can earn it.
     
    #13     Jul 7, 2006
  4. hcour

    hcour Guest

    Amateurs focus on making profits, professionals on controlling losses.

    H
     
    #14     Jul 7, 2006
  5. Statisticians are nothing but mathematicians broken down by age and sex.

    Martin
     
    #15     Jul 7, 2006
  6. "Put all your eggs in one basket, and watch that basket." --- Andrew Carnegie
     
    #16     Jul 7, 2006
  7. Mr B

    Mr B

    "don't be a dick for a tick"

    an old risk manager

    "he is obviously a monk and doesn't care about money"

    Paul Rotter dismissing a trader who complained that his manipulation of the bund was "unfair"

    "he who pukes last pukes worst"

    on cutting losses
     
    #17     Jul 7, 2006
  8. viola664

    viola664

    so true red ink, that about covers it
     
    #18     Jul 7, 2006
  9. too funny.
     
    #19     Jul 7, 2006
  10. Cheese

    Cheese

    G K Chesterton, was the only serious author of fictional works (ie Father Brown Stories), I chose to read in my youth .. preferred serious newspapers, histories, biographies & factual stuff for my leisure reading.
    :)
     
    #20     Jul 7, 2006