Speculators Quotes - Page 3

• Speculators get a bad rap. In the popular imagination they're greedy, heedless, and amoral, adept at price manipulations and dirty tricks. In reality, they often play a key role in making markets run smoothly.

  James Surowiecki

  Running, Rap, Dirty

  "Right Trade, Wrong Time". www.newyorker.com. October 20, 2003.

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• In the discovery of secret things and in the investigation of hidden causes, stronger reasons are obtained from sure experiments and demonstrated arguments than from probable conjectures and the opinions of philosophical speculators of the common sort.

  W. S. Gilbert

  Philosophical, Discovery, Secret

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• If the world market believed that we were serious about energy independence and we were going to utilize all of our own existing resources, the speculators would stop speculating up they start speculating down as we get our own oil out of the ground.

  Herman Cain

  Oil, Independence, Energy

  Herman Cain's remarks at the Republican primary debate at Peace Center in Greenville, South Carolina, www.washingtonpost.com. May 6, 2011.

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• A speculator is a man who observes the future, and acts before it occurs.

  Bernard Baruch

  Business, Future, Men

  Bernard Mannes Baruch (1970). “Baruch: My own story”

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• Blaming speculators as a response to financial crisis goes back at least to the Greeks. It's almost always the wrong response.

  Lawrence Summers

  Greek, Investing, Blame

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• Fear and hope remain the same; therefore the study of the psychology of speculators is as valuable as it ever was. Weapons change, but strategy remains strategy, on the New York Stock Exchange as on the battlefield. I think the clearest summing up of the whole thing was  expressed by Thomas F. Woodlock when he declared: “The principles of successful stock speculation are based on the supposition that people will continue in the future to make the mistakes that they have made in the past.”

  Edwin Lefevre

  New York, Mistake, Successful

  Edwin Lefevre (2013). “Reminiscences of a Stock Operator”, p.388, Lulu Press, Inc

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• The great Way is easy, yet people prefer the side paths. Be aware when things are out of balance. Stay centered within the Tao. When rich speculators prosper While farmers lose their land; when government officials spend money on weapons instead of cures; when the upper class is extravagant and irresponsible while the poor have nowhere to turn- all this is robbery and chaos. It is not in keeping with the Tao.

  Laozi

  Government, Land, Class

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• Speculator: One who bought stocks that went down.

  Malcolm Forbes

  Business, Own Business

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• There are more speculators about New Westminster and Victoria than there were in Winnipeg during the boom and they are a much sharper lot. Nearly every person is more or less interested and you will have to be on your guard against all of them.

  William Cornelius Van Horne

  Persons, Victoria, Winnipeg

  Canadian Pacific Railway Company, William Cornelius Van Horne “Van Horne Letter Book: Dec. 3rd, 1884-Feb. 3rd, 1885”

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• At the beginning of a novel, a writer needs confidence, but after that what's required is persistence. These traits sound similar. They aren't. Confidence is what politicians, seducers and currency speculators have, but persistence is a quality found in termites. It's the blind drive to keep on working that persists after confidence breaks down.

  Walter Kirn

  Persistence, Quality, Sound

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• Frequent comparative ranking can only reinforce a short-term investment perspective. It is understandably difficult to maintain a long-term view when, faced with the penalties for poor short-term performance, the long-term view may well be from the unemployment line ... Relative-performance-oriented investors really act as speculators. Rather than making sensible judgments about the attractiveness of specific stocks and bonds, they try to guess what others are going to do and then do it first.

  Seth Klarman

  Views, Perspective, Long

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• If
  you're an investor, you're looking on what the asset is going to do, if
  you're a speculator, you're commonly focusing on what the price of the
  object is going to do, and that's not our game.

  Warren Buffett

  Games, Assets, Objects

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• As a speculator you must embrace disorder and chaos.

  Louis Bacon

  Investing, Chaos, Embrace

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• The Heisenberg principle - If something is closely observed, the odds are it is going to be altered in the process. The more a price pattern is observed by speculators the more prone you have false signals; the more the market is a product of nonspeculative activity, the greater the significance of technical breakout

  Bruce Kovner

  Odds, Principles, Patterns

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• What's the best gamble in the world, right now? Its betting that Deutsche Bank stock is going to go down. Short sellers borrowed money from their banks to place bets that Deutsche Bank stock is going to go down. Now, it's wringing its hands and saying, "Oh the speculators are killing us." But it's Deutsche Bank and the other banks that are providing the money to the speculators to bet on credit.

  Michael Hudson

  Hands, Credit, World

  Source: www.counterpunch.org

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• on Broadway money rules. Like a host of vultures, the ticket brokers, the speculators, the craft unions, the agents, the backers, the real estate owners move in on the creative body and take their bite. The world of dreams breathes in an iron lung; and without this mechanical pumping it dies.

  Marya Mannes

  Dream, Real, Moving

  Marya Mannes (1961). “The New York I Know”

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• Economists don't usually make good speculators, because they think too much.

  Paul Krugman

  Thinking, Too Much, Economist

  Paul Krugman (2004). “The Great Unraveling: Losing Our Way in the New Century”, p.40, W. W. Norton & Company

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• But, as soon as speculators become an important influence in the market, their business is to speculate on each others behaviour.

  Joan Robinson

  Important, Behaviour, Influence

  Joan Robinson (2014). “Contributions to Modern Economics”, p.46, Academic Press

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• The speculator is not an investor.

  Edwin Lefevre

  Investors

  Edwin Lefèvre (2004). “Reminiscences of a Stock Operator”, p.117, John Wiley & Sons

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• The speculators deadly enemies are: Ignorance, greed, fear and hope. All the statute books in the world and all the rules of all the Exchanges on earth cannot eliminate these from the human animal.

  Edwin Lefevre

  Book, Ignorance, Animal

  Edwin Lefevre (2013). “Reminiscences of a Stock Operator”, p.477, Lulu Press, Inc

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• In contrast to the speculators preoccupation with rapid gain, value investors demonstrate their risk aversion by striving to avoid loss.

  Seth Klarman

  Loss, Risk, Aversion

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• That became a big time in comic books because it's when people were starting to break out into independent stuff, the market was getting choked with speculators and everybody was trying to do their own trick covers.

  Todd McFarlane

  Book, Independent, Artist

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• At times like the present, when the evils of unsound finance threaten us, the speculator may anticipate a harvest gathered from the misfortune of others, the capitalist may protect himself by hoarding or may even find profit in the fluctuations of values; but the wage earner - the first to be injured by a depreciated currency and the last to receive the benefit of its correction - is practically defenseless.

  Grover Cleveland

  Wisdom, Evil, Hoarding

  United States. President (1893-1897 : Cleveland), Grover Cleveland (1895*). “Special message, August 8th, 1893. Extract from third annual message, December 2nd, 1895”

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• In whatever system where the weight attached to the wheel should be the cause of motion of the wheel, without any doubt the center of the gravity of the weight will stop beneath the center of its axle. No instrument devised by human ingenuity, which turns with its wheel, can remedy this effect. Oh, speculators about perpetual motion, how many vain chimeras have you created in the like quest. Go and take you place with the seekers after gold.

  Leonardo da Vinci

  Doubt, Gold, Causes

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• The day that witnesses the conversion of our ministers into political and philosophical speculators or scientific lecturers, will witness the final decay of clerical weight and influence.

  Peter Bayne

  Philosophical, Political, Finals

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