I have known men who could see through the motivations of others with the skill of a clairvoyant; only to prove blind to their own mistakes. I have been one of those men.
All economic movements, by their very nature, are motivated by crowd psychology.
Never answer a critic, unless he's right.
Vote for the man who promises least; he'll be the least disappointing.
Colleges don't teach economics properly. Unfortunately we learn little from the experience of the past. An economist must know, besides his subject, ethics, logic, philosophy, the humanities and sociology, in fact everything that is part of how we live and react to one another.
It is far more difficult... to know when to sell a stock than when to buy.
The greatest blessing of our democracy is freedom. But in the last analysis, our only freedom is the freedom to discipline ourselves.
Always do one thing less than you think you can do.
I have learned the truth of the observation that the more one approaches great men the more one finds that they are men.
Never pay the slightest attention to what a company president ever says about his stock.
Most of the successful people I've known are the ones who do more listening than talking.
I made my money by selling too soon.
We did not all come over on the same ship, but we are all in the same boat.
Buy straw hats in the wintertime. Summer will surely come.
A dangerous fallacy is to repudiate freedom in favor of an unknown future. What else but our own sturdy reliance on freedom can explain the unexampled record this country has made? In a period scarcely twice my own lifetime it has risen from nothingness to become the world's greatest power. It has become the ark of the covenant of freedom.
Never follow the crowd.
Do not blame anybody for your mistakes and failures.
Don't try to be a jack of all investments. Stick to the field you know best.
To me - old age is always ten years older than I am.
Learn to take losses quickly and cleanly. There is something about inside information which seems to paralyze a man's reasoning powers. Beware of barbers, beauticians, waiters - or anyone - bringing gifts of 'inside' information or tips. Don't try to be a jack of all investment. Stick to the field you know best.
Don't speculate unless you can make it a full time job.
Become more humble as the market goes your way.
I'll give you the bottom 10% and the top 10% of any move if I get to keep the middle 80%.
The art of living lies less in eliminating our troubles than in growing with them.
If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong.
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