Every once in a while, the market does something so stupid it takes your breath away
A good investor in this new world knows to always expect the unexpected.
Remember, I am neither a bear nor a bull, I am an agnostic opportunist. I want to make money short- and long-term. I want to find good situations and exploit them.
I wish it grew on trees, but it takes hard work to make money.
When people ask me how I was able to make so much money in the market during a 20-year period, I would always say I did it off the misunderstandings of others.
But be very, very careful, because when you're playing with momentum, you're playing with fire.
I mean it's the most objective industry in the world. If your numbers stink, you're out. If your numbers are good, you get more money. It's the most Darwinian, it's beautiful, it's brutal, it works.
Success through the eyes of one once defeated, is true VICTORY.
We are all wrong so often that it amazes me that we can have any conviction at all over the direction of things to come. But we must.
After a lifetime of picking stocks, I have to admit that Bogle's arguments in favor of the index fund have me thinking of joining him rather than trying to beat him. Bogle's wisdom and common sense are indispensable... for anyone trying to figure out how to invest in this crazy stock market.
I've lost tremendous amounts of money in various markets and I think that that's something that makes you better at my job, not worse.
Whatever money you may need for the next five years, please take it out of the stock market right now, this week.
There are tons of people who are late to trends by nature and adopt a trend after it's no longer in fashion. They exist in mutual funds. They exist in clothes. They exist in cars. They exist in lifestyles.
The people who are buying stocks because they're going up and they don't know what they do, deserve to lose money.
The party line is that stocks historically have outperformed all other investment plans.
I just can't stop myself; I'm addicted to making you money. I should be spending all day in a country club or never getting out of my pajamas like Hugh Hefner.
As long as you enjoy investing, you'll be willing to do the homework and stay in the game. That's why I try to make the show so entertaining, because if you aren't interested, you'll either miss the opportunity to make money in the market or not pay enough attention and end up losing your shirt.
Oligopoly, plutocracy, kleptocracy: All things that are good for a shareholder.
They don't take eyeballs at the bank. Those who value stocks by eyeballs should go be ophthalmologists, not stock analysts. There is no cyberworld where reach trumps profits.
The danger that we have right now are people who get the same information as I do and, therefore, think they'll reach the same conclusions that haven't traded as long, don't have bear claws up and down their backs like I do.
Funny, but after trading for more than 15 years, I still am capable of forgetting a cardinal rule: The paper you own, in the end, will be intertwined with the fate of the 30-year bond.
I invest in funds myself even though I run my own fund for my daughters.
Don't move your money from Bear. That's just being silly. Don't be silly.
I am not a hesitant bull, I'm a Pamplona bull.
This is a business, the direct selling, that bizarrely works best when times are bad.
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