Wit and Wisdom on Money, Wall Street and Success - Part #2
Here are ten more WISDOM packed GEMS that ooffer very unqiue insights to the world of trading and investing.
These quotes promote a philosophy which is readily understandable and sometimes hysterical.
In my 25+ years of investing I have collected hundreds of quotes related to Wisdom, Wall Street and Success. I submit this small selection with the hopes that it will enlighten the forces required for your future financial success. Enjoy!
1) "If 40 million people say a foolish thing, it does not become a wise one."
- W. Somerset Maugham
2) "One thousand dollars left to earn interest at 8% a year will grow to $43 quadrillion in 400 years, but the first hundred years are the hardest."
Sidney Homer, A History of Interest Rates
3) "Everytime history repeats itself, the price goes up."
4) "In all recorded history, there has not been one economist who has had to worry about where the the next meal would come from."
5) "A good trader has to have three things: a chronic inability to accept things at face value, to feel continuously unsettled, and to have humility.
6) "Don't confuse brains with a bull market."
7) "Financial genius is a rising stock market."
-John Kenneth Galbraith
8) "The purpose of a market is to facilitate trade."
-J. Peter Steidlemayer
9) "Buy high, sell higher."
10) "Manage Your Risk or It Will Manage You!"
-Harald Anderson ? Analyst at eOptionsTrader.com
Harald Anderson is the founder and Chief Analyst of eOptionsTrader.com a leading online resource of Options Trading Information. He writes regularly for financial publications on Risk Management and Trading Strategies. His goal in life is to become the kind of person that his dog already thinks he is. http://www.eOptionsTrader.com.
Raising Capital in Today?s ?New Economy?
We've helped a number of clients develop business plans and raise capital from "angel" investors, corporate entities and venture capitalists during the last 6-8 years. It's always a daunting process that can be full of pitfalls and require a tremendous amount of work ? but it can be done! Here is some perspective gleaned from years of experience.
Investing: The Art Of Making Your Money Work For You
There is a lot to know about investing. It all depends on what type of investing you are interested in as well. There are many different types of investment options out there. So what is investing, specifically?
Franchise Opportunity Sellers Beware; franchise buyers lie on forms?
It seems completely absurd that franchise buyers lie about their financial position, available cash and abilities in order to buy a franchise. After spending 8 years setting up franchises around the nation and fielding inquiries I am appalled at the lack of integrity of the average business buyer. If you wonder why franchisors make franchise buyers fill out forms and ask lots of questions it is because 75% or more of every franchise inquiry to a franchise company is misrepresentative of their reality. A franchise opportunity seller should beware of franchise buyers lying on forms.
Introduction To FOREX
The Foreign Exchange Market, better known as FOREX, is a worldwide market for buying and selling currencies. It handles a huge volume of transactions 24 hours a day, 5 days a week. Daily exchanges are worth approximately $1.5 trillion (US dollars). In comparison, the United States Treasury Bond market averages $300 billion a day, and American stock markets exchange about $100 billion a day.
Your Portfolio and ?Old Ironsides?
The USS Constitution first ventured into the waters in 1798. From there she became an icon of durability and success.
Top Ten Investment Mistakes
1. Lacking an investment plan a/k/a/ "Don't take a trip without packing the map". A pre-planned asset allocation generates positive results and eliminates emotional panic selling.
Brain Snappers and Other Wall Street Nonsense
The last time you spoke with your broker did he use any of the following words? Diversification, Price-to-earnings ratios, discretionary trading, lifting a leg (he's talking to you not your dog), leverage, divergence, fee-based compensation, escalator clause, tactical asset allocation and other mesmerizing words to place you in stupefying shock.
You have rowed a boat at some time haven't you? Yes, put the oars in the water and pull. Of course, you don't know where you are going because you are sitting backwards. Every so often you have to turn to look ahead to see if you are pulling in the right direction.
Everybody Wants to Know How to Invest
Those unfamiliar with the process of making and managing investments often have more than a few trepidations about investing in general. They figure that, since they do not know how to invest, they will never learn. Of course the horror stories of investors who lost their life savings on some bad deal don't help people to feel any less secure when figuring out how to invest.
An Economical Retirement Investment Plan
The practice of economy, directed toward a retirement investment plan in the stock market, is in itself a source of great revenue. It is the art of making the most out of every stock market investment, with the definite purpose or goal being to provide a life that is fully independent of monetary concerns.
Before You Start Investing
There maybe several reasons why you to want to invest your money. You may want to retire early, want to build your own business in the future, or to pay for your kid's education. Should everyone start investing outside their retirement accounts right away? The answer to this question is that it depends on your financial situation. First, you must have a basic understanding in financial management. What would happen if you lose your job, accumulate large medical expenses, or losing money on your investments? Do you still have money to pay your bills? Do you have to sell your investments that you have worked so hard for, with a loss? No one knows what the future will bring. Therefore, you must have a safety net to fall back on in an unexpected event. This article contains 5 concepts that you should follow before you start investing outside of your retirement accounts.
Focus Your Investments on the Long Term
"All human power is a compound of time and patience!" Honore de Balzac (1799 - 1850)
The Myth of the Earnings Yield
Investing As A Sport?
I said last week that money doesn't generally buy happiness, but the lack of it can buy absolute misery. This, by the way, is not just my personal observation. It is the conclusion of some of the most respected happiness researchers (Yes, there is such a thing -- read my book.)
Buy: Hold: Sell: Jump
I'm sitting here at my computer desk with a cup of coffee at my elbow. The coffee rest in a mug, the mug garnished with the words Buy, Hold, Sell, Jump, vertically along its sides. Emblazoned across the top of the cup are the words, Wall Street, which encircles the upper portions of the mug. The handle of the mug is quite ornate, rounded at the bottom, with a cradle in the handle's top. In the cradle is a die, with a small metal pin through the die, which enables my thumb too spin the die. Instead of numbers, as in a pair of dice, the die's choices are Yes, No, and ? And, lo and behold, an article is born.
Trading Expert Discovers Ways To Beat Stock Market Odds With Money Management
The first point to mastering money management is that you have to understand when you're trading on the stock market is that you are playing the odds ? but unlike many forms of gambling, you can make money. The key to making this money is to respect the risk that is part of the market, and manage it. Money management is a set of rules and guidelines that enables you to turn a profit. By being triumphant with your money management skills, you can keep your risk at a level at which you're comfortable with, keep from making poor trading decisions, and ensure you don't loose your trading capital. This is why it is so important to follow money management rules.
Justify Social Security ... Dont Save for Retirement
It is a common question when investors review their retirement plan-should we include social security benefits into our retirement income projections?
Selecting Rules for Investing and Trading
There are three important differences between investing and trading. Overlooking them can lead to confusion. A beginning trader, for example, may use the terms interchangeably and misapply their rules with mixed and unrepeatable results. Investing and trading become more effective when their differences are clearly recognized. An investor's goal is to take long term ownership of an instrument with a high level of confidence that it will continually increase in value. A trader buys and sells to capitalize on short term relative changes in value with a somewhat lower level of confidence. Goals, time frame and levels of confidence can be used to outline two completely different sets of rules. This will not be an exhaustive discussion of those rules but is intended to highlight some important practical implications of their differences. Long term investing is discussed first followed by short term trading.
Remembering TEOTWAWKI and Learning from It
Its only been about 5 years since we had major scares in the marketplace regarding Y2K. You might recall that many computer systems were not programmed to be able to understand the change from 1999 to 2000. There was a tremendous amount of panic created by those who were convinced that as the clock hit midnight on on New Years Eve 2000 that we were going to enter the Dark Ages.
Coca-Cola - A Value Stock?
There has been much talk lately about Coca-Cola and its potential as a value stock ? as it now spots a dividend yield of 2.6% (which is the highest dividend yield since the late 1980s) and a P/E or less than 21 ? right at the bottom of its five-year low. Moreover, the current price of approximately $43 a share is also near the bottom of its nine-year range ? (nine years ago, the last former great CEO of Coke, Roberto Goizueta, was still at the helm of the company). Sure, Coke has had its own set of problems, but it is a great company, they would argue ? and heck, Warren Buffett is also an owner of Coke shares.
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