Investing Quotes - Page 14

• Successful tape reading is a study of Force; it requires ability to judge which side has the greatest pulling power and one must have the courage to go with that side.

  Richard Wyckoff

  Reading, Successful, Judging

  Richard Wyckoff (2006). “Studies in Tape Reading”, p.95, Cosimo, Inc.

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• Those who had been riding the upward wave decide now is the time to get out. Those who thought the increase would be forever find their illusion destroyed abruptly, and they, also, respond to the newly revealed reality by selling or trying to sell. And thus the rule, supported by the experience of centuries: the speculative episode always ends not with a whimper but with a bang.

  John Kenneth Galbraith

  Reality, Forever, Trying

  John Kenneth Galbraith (1994). “A Short History of Financial Euphoria”, p.11, Penguin

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• The intellectual and social climate needed to allow entrepreneurship to thrive will not exist in advanced capitalism.

  Joseph A. Schumpeter

  Intellectual, Climate, Entrepreneurship

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• The best approach here, if at all possible, is to use supervisory and regulatory methods to restrain undue risk-taking and to make sure the system is resilient in case an asset-price bubble bursts in the future.

  Ben Bernanke

  Risk, Use, Resilient

  "U.S. Fed boosts bank scrutiny" by Craig Torres and Michael McKee, www.nationalpost.com. November 20, 2009.

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• Time and space are not conditions of existence, time and space is a model for thinking

  Albert Einstein

  Thinking, Space, Existence

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• It is impossible for us, with our limited means, to attempt to educate the body of the people. We must at present do our best to form a class who may be interpreters between us and the millions whom we govern.

  Thomas B. Macaulay

  Mean, Class, People

  "Minute by the Hon'ble T. B. Macaulay, dated the 2nd February 1835". "Bureau of Education. Selections from Educational Records, Part I (1781-1839)" edited by H. Sharp, Reprint. Delhi: National Archives of India, www.columbia.edu. 1965.

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• Once public opinion is convinced that the increase in the quantity of money will continue and never come to an end, and that consequently the prices of all commodities will not cease to rise, everybody becomes eager to buy as much as possible and restrict his cash holdings to minimum size... If the credit expansion is not stopped in time, the boom turns to crack-up boom: the flight into real values begins, and the whole monetary system founders.

  Ludwig von Mises

  Real, Public Opinion, Cracks

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• In all the new states of the Union, land monopolization has gone on at an alarming rate, but in none of them so fast as in California, and in none of them, perhaps, are the evil effects so manifest.

  Henry George

  Land, California, Evil

  Henry George (1871). “Our Land and Land Policy, National and State”, p.13

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• Government means always coercion and compulsion and is by necessity the opposite of liberty. Government is a guarantor of liberty and is compatible with liberty only if its range is adequately restricted to the preservation of economic freedom. Where there is no market economy, the best-intentioned provisions of constitutions and laws remain a dead letter.

  Ludwig von Mises

  Mean, Government, Law

  Ludwig Von Mises (1990). “Economic freedom and interventionism: an anthology of articles and essays”

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• There is no means by which anyone can evade his personal responsibility. Whoever neglects to examine to the best of his abilities all the problems involved voluntarily surrenders his birthright to a selfappointed elite of supermen. In such vital matters blind reliance upon 'experts' and uncritical acceptance of popular catchwords and prejudices is tantamount to the abandonment of self-determination and to yielding to other people's domination. As conditions are today, nothing can be more important to every intelligent man than economics. His own fate and that of his progeny are at stake.

  Ludwig von Mises

  Determination, Mean, Responsibility

  "Human Action". Book by Ludwig von Mises, 1949.

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• That is to say, under the old way any time we wish to add to the national wealth we are compelled to add to the national debt. Now, that is what Henry Ford wants to prevent. He thinks it is stupid, and so do I, that for the loan of $30,000,000 of their own money the people of the United States should be compelled to pay $66,000,000 - that is what it amounts to, with interest.

  Thomas A. Edison

  Stupid, Thinking, People

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• Democracy is a process by which the people are free to choose the man who will get the blame. Education is a method whereby one acquires a higher grade of prejudices. In spite of the cost of living, it's still popular.

  Laurence J. Peter

  Men, Cost Of Living, People

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• But when I am alone, I do not have the effrontery to consider myself an artist at all, not in the grand old meaning of the word: Giotto, Titian, Rembrandt, Goya were great painters. I am only a public clown-a mountebank. I have understood my time and have exploited the imbecility, the vanity, the greed of my contemporaries. It is a bitter confession, this confession of mine, more painful than it may seem. But at least and at last it does have the merit of being honest.

  Pablo Picasso

  Artist, Vanity, Greed

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• The only preparation for prospering in the global economy is investing in ourselves.

  William J. Clinton

  Preparation, Economy, Prospering

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• Finally, in our progress toward a resumption of work we require two safeguards against a return of the evils of the old order: there must be a strict supervision of all banking and credits and investments; there must be an end to speculation with other people's money, and there must be provision for an adequate but sound currency.

  Franklin D. Roosevelt

  Order, Two, People

  First Inaugural Address, Delivered 4 March 1933

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• The more I think about the human suffering in our world and my desire to offer a healing response, the more I realize how crucial it is not to allow myself to become paralyzed by feelings of helplessness and guilt. More important than ever is to be very faithful to my vocation to do well the few things I am called to do and hold on to the joy and peace they bring me. I must resist the temptation to let the forces of darkness pull me into despair and make me one more of their many victims.

  Henri Nouwen

  Healing, Thinking, Our World

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• 'Statistics' show that 66% of clients are cured with psychotherapy; what statistics don't show is that 72% are cured without it.

  Thomas Szasz

  Statistics, Clients, Shows

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• Diversity is essential to happiness and in Utopia there is hardly any. This is a defect in all planned social systems.

  Bertrand Russell

  Diversity, Essentials, Utopia

  Bertrand Russell (2013). “History of Western Philosophy: Collectors Edition”, p.421, Routledge

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• The U. S. is headed toward a period of business depression... beginning within the next two years, which may exceed that which preceded the War. ... The only thing that will save us is a new gold policy or the discovery of a new process or additional gold fields. If the fall [of gold production] is not prevented by design or accident we shall throttle business, wringing out all profits and experiencing all the evils of deflation.

  Irving Fisher

  War, Fall, Discovery

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• Self-importance requires spending most of one's life offended by something or someone.

  Carlos Castaneda

  Self, Juan, Spending

  Carlos Castaneda (2009). “The Wheel Of Time: The Shamans Of Mexico Their Thoughts About Life De”, p.230, Simon and Schuster

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• The more people who believe something, the more apt it is to be wrong. The person who's right often has to stand alone.

  Soren Kierkegaard

  Believe, People, Stand Alone

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• Long ago, Ben Graham taught me that "Price is what you pay; value is what you get." Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down.

  Warren Buffett

  Long Ago, Buffets, Taught

  Berkshire Hathaway Inc. Chairman's Letter, 2008.

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• On the issue of inflation, I think I could solve it no matter how much money it took.

  Pat Paulsen

  Thinking, Issues, Matter

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• If, instead of playing the horses, an individual chooses to play the market, that is his own affair. Only he must understand that speculating in stocks is gambling, not investing.

  Catherine Crook de Camp

  Horse, Gambling, Play

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• By developing your discipline and courage, you can refuse to let other people's mood swings govern your financial destiny. In the end, how your investments behave is much less important than how you behave.

  Benjamin Graham

  Destiny, Swings, Discipline

  Benjamin Graham (2009). “The Intelligent Investor, Rev. Ed”, p.13, Harper Collins

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