_Economy and Finance

One of the essential qualifications of the successful investor is patience. - Wall Street Sit tight and the market give you in due time the signal.

It's only when the tide goes out that you learn who's been swimming naked. - Warren Buffett (1930- ), Wall Street Charlie Munger said, "Warren and I are chicken about buying stocks on margin."

Whenever it is in any way possible, every boy and girl should choose as his life work some occupation which he should like to do anyhow, even if he did not need the money. - William Lyon Phelps (1865-1943)

When enough investors find themselves shorn, scapegoats will be sought. - Wall Street The real reason for a protracted decline is never bear raiding.

Successful investor must not only observe accurately but remember what he has observed. - Wall Street Bet always on probabilities.