Wit and Wisdom on Money, Wall Street and Success - Part #4



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Summary:
Fields

5) "You should invest in a business that even a fool can run, because someday a fool will."

- Warren Buffett

6) "The key in life is to figure out who to be the bat boy for."

-Warren Buffett

7) 'Let Wall Street have a nightmare and the whole country has to help them get back to bed again.' - Will Rogers, The Autobiography of Will Rogers

8) 'There are two fools in every market.


Article:

Can you concisely summarize your investment philosophy in a few sentences? My experience is that most people can't. The quotes that follow are diamonds that offer a real powerful education in the world of Risk Management. They have had a profound impact in my life. I pass them onwards hoping they find a similar effect on your investments. Enjoy!

1) "Rule No. 1: Never lose money. Rule No 2: Never forget Rule No. 1." -

-Warren Buffett

2) "Large profits can be made in meretricious stocks. Large losses can be made in popular stocks."

-Peter Lynch

3) “A fool and his money are soon parted.”

-Unknown

4) “A fool and his money were lucky to get together in the first place.”

-W.C. Fields

5) "You should invest in a proposition that even a fool can run, cause someday a fool will."

- Warren Buffett

6) "The key in life is to figure out who to be the bat boy for."

-Warren Buffett

7) “Let Wall Street have a nightmare and the whole country has to help them get back to bed again.” - Will Rogers, The story of Will Rogers

8) “There are two fools in every market. One asks too little, the other asks too much.” - Russian Proverb

9) “The elements of good trading: (1) cutting losses, (2) cutting losses, and (3) cutting losses. If you can follow these three rules, you may have a chance.” -Ed Seykota

10) "That market doesn't care whether you are IN or OUT! With that organic being the case, my question is who are you competing against? Most people will go with 'everyone else' my response is 'look in the mirror.'" - Harald Anderson at eOptionsTrader.com



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