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Wednesday, April 22, 2015

Money, Unknown


The fellow who has no money is poor; the fellow who has nothing but money is poorer still.

- Unknown

Tuesday, April 21, 2015

Emotions, Wall Street


Don’t get emotionally involved.

$ Wall Street

If you let emotions get involved, you will make bad decisions.

Sunday, March 22, 2015

Crowd, Wall Street


You cannot outperform the crowd when you are part of it.

$ Wall Street

Force yourself to trade against the consensus.

Saturday, March 21, 2015

Innovation, Steve Jobs


Innovation has nothing to do with how many R&D dollars you have. When Apple came up with the Mac, IBM was spending at least 100 times more on R&D. It's not about money. It's about the people you have, how you're led, and how much you get it.

- Steve Jobs (1955-2011)

Tuesday, February 17, 2015

Investment, Fred Schwed Jr.


Speculation is an effort, probably unsuccessful, to turn a little money into a lot. Investment is an effort, which should be successful, to prevent a lot of money from becoming a little.

Fred Schwed Jr., Where Are the Customers' Yachts?: Or a Good Hard Look at Wall Street

Monday, February 16, 2015

Monday, February 2, 2015

Appearance, Miguel de Cervantes


All that glisters is not gold.

- Miguel de Cervantes (1547-1616), Don Quixote (1605-15), Part II, Chapter XXXIII. Googe—Eglogs, etc. (1563). Udall—Ralph Royster Doyster. (1566).

http://en.wikiquote.org/wiki/Appearance

Monday, January 19, 2015

Education, Evan Esar (1899-1995)


America believes in education: the average professor earns more money in a year than a professional athlete earns in a whole week.

- Evan Esar (1899-1995)

Sunday, January 18, 2015

Risk control, Wall Street


Never make a bet you can’t afford to lose.

- Wall Street

Risk control is 90% of the investment battle.