Quoting statements, ideas and thoughts from famous people about trading, investing and success - page 3
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Great minds discuss ideas, medium minds discuss events, small minds discuss people.
Eleanor RooseveltIt's not income that makes you rich, it's savings.... Frugality is an important virtue of all rich people.
Bodo Schaefer
Питер Тиль:
competition is a loser's game
...
If you take perfect competition, it has its pros and cons. In a general sense, this is what you learn in a basic economics course, it is a state that is very easy to model - that's why economics teachers like to talk about perfect competition. In some ways it is efficient - particularly in a world where things are static, because any company in such a system can meet growing demand.
Furthermore, politicians tell us that perfect competition is a good thing for society: they say we need competition, and therefore it is useful. Of course, it has many disadvantages - as a rule, operating in a super-competitive market has a detrimental effect on business, because in this case it is likely not to make money. I will come back to this.
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Risk is the cure for old age. Unknown author from Wall Street
Wealth belongs to him who takes pleasure in it. Benjamin Franklin.
When the newspapers start writing about the good state of the market, sell. Bernard Baruch
Never follow the crowd. Bernard Baruch.
When you ask how to trade profitably, no book, no guru, no strategy can tell you how to do it. Success comes in time, if you put enough effort into it. Brett Steenbarger
... Traders who do not have much experience in trading on the market often try to copy trading techniques of already known traders. Professionals, on the other hand, consider all possible strategies including well-known traders, but use the example only in case it suits their trading style. A trader's personality, his knowledge of the market and his own trading system are much more important than the achievements of the great market speculators...
From one broker's website, author not given.
Jesse Livermore's rules of thumb
Aristotle Onassis
to follow up:
He who works all day has no time to make money.
D. Rockefeller