Memorable Investment Adages, Axioms, and Quotations:
Buy the rumor; Sell the news.
Be fearful when others are greedy and greedy when others are fearful.
“October is a peculiarly dangerous month to speculate in stock. The others are July, January, September, April, November, May, March, June, December, August, and February.” —Mark Twain
The trend is your friend.
Buy Low; Sell High.
Bulls make money; Bears make money; Pigs get slaughtered.
“The time to buy is when there is blood on the streets.” —Baron Rothschild
“It will fluctuate.” —J.P. Morgan’s famously terse reply when asked what he thought the stock market would do.
Never confuse genius with a bull market.
Prediction is difficult; especially about the future.
Cut your losses; let your profits run.
“Where are the customer’s yachts?” —Naive questioner on a tour of the New York Financial District in the 1930’s.
Sell in May and go away.
There are two times in a man’s life when he should not speculate: when he can’t afford it and when he can. – Mark Twain
Bull markets climb a wall of worry.
Bear markets decline on a slippery slope of hope.
Don’t try to catch a falling knife.
Economic forecasters have predicted 7 out of the last 4 recessions.
“Markets can remain irrational longer than you can remain solvent.” —John Maynard Keynes
“Banks can remain insolvent longer than you can remain rational.” —Parker Evans
There is no such thing as a free lunch.
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