Colleges don't teach economics properly. Unfortunately we learn little from the experience of the past. An economist must know, besides his subject, ethics, logic, philosophy, the humanities and sociology, in fact everything that is part of how we live and react to one another.
It is far more difficult... to know when to sell a stock than when to buy.
Age is only a number, a cipher for the records. A man can't retire his experience. He must use it. Experience achieves more with less energy and time.
I made my money by selling too soon.
All economic movements, by their very nature, are motivated by crowd psychology.
A dangerous fallacy is to repudiate freedom in favor of an unknown future. What else but our own sturdy reliance on freedom can explain the unexampled record this country has made? In a period scarcely twice my own lifetime it has risen from nothingness to become the world's greatest power. It has become the ark of the covenant of freedom.
The main purpose of the stock market is to make fools of as many men as possible.
Buy straw hats in the wintertime. Summer will surely come.
Most of the successful people I've known are the ones who do more listening than talking.
Now is always the hardest time to invest.
Always do one thing less than you think you can do.
We did not all come over on the same ship, but we are all in the same boat.
Be quick to praise people. People like to praise those who praise them.
Vote for the man who promises least; he'll be the least disappointing.
Become more humble as the market goes your way.
I have known men who could see through the motivations of others with the skill of a clairvoyant; only to prove blind to their own mistakes. I have been one of those men.
Learn to take losses quickly and cleanly. There is something about inside information which seems to paralyze a man's reasoning powers. Beware of barbers, beauticians, waiters - or anyone - bringing gifts of 'inside' information or tips. Don't try to be a jack of all investment. Stick to the field you know best.
To me - old age is always ten years older than I am.
Never follow the crowd.
Whatever men attempt, they seem driven to overdo. When hopes are soaring, I always repeat to myself that two and two still make four.
I have learned the truth of the observation that the more one approaches great men the more one finds that they are men.
Chance sometimes opens the door, but luck belongs to the good players.
Only liars manage to always be out during bad times and in during good times.
Don't try to be a jack of all investments. Stick to the field you know best.
The art of living lies less in eliminating our troubles than in growing with them.
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