Words of Wisdom: Famous Trading, Investing, and Money Sayings Part 1

The mental aspect is one of the most overlooked, and underappreciated facets of trading. It is also one of the most important. Success in the stock market is largely dependent on a person's psychological toughness and their ability to “roll with the punches.” Sometimes traders just need to sit back, reflect, and clear their heads in order to get back into the game. The following is a collection of quotes and sayings relating to investing, money, and the stock market: “Every morning I get up and look through the Forbes list of the richest people in America. If I am not there, I go to work.” – Robert Orben "The market right now is moving on nothing more than emotions. Guess what? It almost always moves on emotions.” – David Bach “The game taught me the game. And it did not spare the rod while teaching.” – Jesse Livermore “The stock market is a battlefield. Always remember to survive in the game first. Only those that survive the battle can enjoy the spoils of war.” - Unknown “Money cannot buy you happiness, but it does bring you a more pleasant form of misery.” – Spike Milligan “The only people who buy at the lows and sell at the highs….are liars.” – Baruch “The investor's chief problem, and even his worst enemy, is likely to be himself.” – Benjamin Graham “He who hesitates is poor.” – Mel Brooks “No matter what information you have, no matter what you are doing, you can be wrong.” – Larry Hite “When a person with experience meets a person with money, the person with experience will get the money. And the person with the money will get some experience.” – Leonard Lauder “Wall Street is one big turf war. By benefiting one person you are disadvantaging another person.” – Bernie Madoff “I love the market. It is my work, my play, and my life.” – Rene Rivkin “If a stock does not act right, don't touch it; because, being unable to tell precisely what is wrong, you cannot tell which way it is going. No diagnosis, no prognosis. No prognosis, no profit.” – Jesse Livermore “If inflation continues to soar, you're going to have to work like a dog just to live like one.” – George Gobel “If you want to have a better performance than the crowd, you must do things differently from the crowd.” – Sir John Templeton “Money is like manure. You have to spread it around or it smells.” J. Paul Getty “When I was young, I thought that money was the most important thing in life; now that I am old, I know that it is.” – Oscar Wilde “Experience taught me a few things. One is to listen to your gut, no matter how good something sounds on paper. The second is that you are generally better off sticking with what you know. And the third is that sometimes your best investments are the ones you do not make.” - Donald Trump “It is not whether you are right or wrong that is important, but how much money you make when you are right, and how much you lose when you are wrong.” – George Soros “Markets can remain irrational longer than you can remain solvent.” – John Maynard Keynes “I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.” – Warren Buffet The easiest way to earn money in a stock market is to ask a layman to trade; sell whatever he buys, buy whatever he sells.” – Hriskikech SenGupta “There are two kinds of investors, be they large or small: those who do not know where the market is headed, and those who do not know that they do not know. Then again, there is a third type of investor- the investment professional, who indeed knows that he or she does not know, but whose livelihood depends on appearing to know.” – William Bernstein “Good judgment comes from experience, and often experience comes from bad judgment.” – Rita Mae Brown “There was a time when a fool and his money were soon parted, but now it happens to everybody.” – Adlai Stevenson “Everything happened as I had foreseen. I was dead right and- I lost every cent I had! I was wiped out by something that was unusual. If the unusual never happened, there would be no difference in people and then there would not be any fun in life. The game would become merely a matter of addition and subtraction. It would make us a race of bookkeepers with plodding minds. It is the guessing that develops a man's brain power.” – “Reminiscences of a Stock Operator” by Edwin Lefevre “As long as you are enjoying investing, you will be willing to do the homework and stay in the game. If you are not interested, you will either miss the opportunity to make money in the market or not pay enough attention and end up losing your shirt.” – Jim Cramer