_Economy and Finance

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

Where are the customers’ yachts? $ Wall Street Your broker is not your buddy.

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

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)

Never make a bet you can’t afford to lose. - Wall Street Risk control is 90% of the investment battle.

To repay borrowed money is the best way to use money. $ Western Proverb

Panics on Wall Street are notoriously periodic. - Wall Street It’s right to be an optimist, but be prepared for the worst.