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

Investment, Wall Street

Where are the customers’ yachts?

$ Wall Street

Your broker is not your buddy.

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

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)

Risk control, Wall Street

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

- Wall Street

Risk control is 90% of the investment battle.

Money, Western Proverb

To repay borrowed money is the best way to use money.

$ Western Proverb

Panics, Wall Street

Panics on Wall Street are notoriously periodic.

- Wall Street

It’s right to be an optimist, but be prepared for the worst.

Leverage, Wall Street

Don’t speculate with another person’s money.

- Wall Street

Never borrow short-term money on unmarketable collateral.

Investors, Wall Street

Investors are not rewarded for activity. They are rewarded for being right.

- Wall Street

Never ask a barber if you need a haircut.

Wisdom, British Proverb

All is not gold that glitters.

- British Proverb