Random Words of Wisdom Regarding Markets And Life

Don’t put all of your eggs in one basket. Don’t put your eggs in too many baskets. Choose te right baskets, and then watch those baskets carefully.

Without data, there are no facts – only opinions.

You are welcome to your own opinions – just not your own facts.

What counts most is often most difficult to count.

If it sounds too good to be true, it probably is.

Don’t confuse activity with accomplishment.

Don’t confuse wisdom with a bull market.

Markets are rational in the long-term but not in the short-term. If you don’t mind being rational and wrong in the short-term, you can make money over time. Being irrational and right in the short-term is a good way to lose everything over time.

Markets can stay irrational longer than you can stay liquid.

In the long run, we are all dead.

Bubbles eventually burst.

Investing minus time equals gambling. Over short periods of time there is no such thing as investing. There is saving, and there is gambling. Investing takes time.

It is tough to make predictions, especially about the future.

Money won’t buy happiness, but it will pay the salaries of a large research staff to study the problem.

You will do better by investing with a lousy manager in a great market than you will with a great manager in a lousy market.

Eventually the impossible becomes inevitable.

You make most of your money in a bear market. You just don’t realise it at the time.

Good times teach bad lessons.

Everything should be made as simple as possible and no simpler.

A pessimist believes that things can’t possibly get any worse. An optimist believes they can.

There are two kinds of economists – those who can’t predict the future and those who don’t know that they can’t predict the future.

There are two kinds of investors who lose money – those who know everything and those who know nothing.

The richest man is the man who owns the most of his own time.

No man is rich enough to buy his own past.

Common sense isn’t always common practice.

Economic forecasters exist to make astrologers look good.

If you don’t know who you are, the stock market is an expensive place to find out.


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