Speculators Quotes - Page 3

• You have a class of investors and you have a class of speculators. The speculators historically haven't been big enough to cause the investors to doubt the long-term vision of stock.

  Jim Cramer

  Class, Long, Doubt

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• Speculators may do no harm as bubbles on a steady stream of enterprise. But the position is serious when enterprise becomes a bubble on a whirlpool of speculation. When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill done.

  John Maynard Keynes

  Country, Jobs, Serious

  1936 The General Theory of Employment, Interest, and Money.

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• The very willow-rows lopped every three years for fuel or powder, - and every sizable pine and oak, or other forest tree, cut down within the memory of man! As if individual speculators were to be allowed to export the clouds out of the sky, or the stars out of the firmament, one by one. We shall be reduced to gnaw the very crust of the earth for nutriment.

  Henry David Thoreau

  Stars, Memories, Cutting

  Henry David Thoreau (1873). “The Maine Woods”, p.158

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• There are more speculators about New Westminster and Victoria than there were in Winnipeg during the boom and they are a much sharper lot. Nearly every person is more or less interested and you will have to be on your guard against all of them.

  William Cornelius Van Horne

  Persons, Victoria, Winnipeg

  Canadian Pacific Railway Company, William Cornelius Van Horne “Van Horne Letter Book: Dec. 3rd, 1884-Feb. 3rd, 1885”

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• At the beginning of a novel, a writer needs confidence, but after that what's required is persistence. These traits sound similar. They aren't. Confidence is what politicians, seducers and currency speculators have, but persistence is a quality found in termites. It's the blind drive to keep on working that persists after confidence breaks down.

  Walter Kirn

  Persistence, Quality, Sound

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• Oh! Speculators on things, boast not of knowing the things that nature ordinarily brings about; but rejoice if you know the end of those things which you yourself device.

  Leonardo da Vinci

  Philosophy, Knowing, Ends

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• The great Way is easy, yet people prefer the side paths. Be aware when things are out of balance. Stay centered within the Tao. When rich speculators prosper While farmers lose their land; when government officials spend money on weapons instead of cures; when the upper class is extravagant and irresponsible while the poor have nowhere to turn- all this is robbery and chaos. It is not in keeping with the Tao.

  Laozi

  Government, Land, Class

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• If
  you're an investor, you're looking on what the asset is going to do, if
  you're a speculator, you're commonly focusing on what the price of the
  object is going to do, and that's not our game.

  Warren Buffett

  Games, Assets, Objects

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• The Heisenberg principle - If something is closely observed, the odds are it is going to be altered in the process. The more a price pattern is observed by speculators the more prone you have false signals; the more the market is a product of nonspeculative activity, the greater the significance of technical breakout

  Bruce Kovner

  Odds, Principles, Patterns

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• As a speculator you must embrace disorder and chaos.

  Louis Bacon

  Investing, Chaos, Embrace

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• Speculator: One who bought stocks that went down.

  Malcolm Forbes

  Business, Own Business

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• Fear and hope remain the same; therefore the study of the psychology of speculators is as valuable as it ever was. Weapons change, but strategy remains strategy, on the New York Stock Exchange as on the battlefield. I think the clearest summing up of the whole thing was  expressed by Thomas F. Woodlock when he declared: “The principles of successful stock speculation are based on the supposition that people will continue in the future to make the mistakes that they have made in the past.”

  Edwin Lefevre

  New York, Mistake, Successful

  Edwin Lefevre (2013). “Reminiscences of a Stock Operator”, p.388, Lulu Press, Inc

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• Blaming speculators as a response to financial crisis goes back at least to the Greeks. It's almost always the wrong response.

  Lawrence Summers

  Greek, Investing, Blame

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• A speculator is a man who observes the future, and acts before it occurs.

  Bernard Baruch

  Business, Future, Men

  Bernard Mannes Baruch (1970). “Baruch: My own story”

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• What's the best gamble in the world, right now? Its betting that Deutsche Bank stock is going to go down. Short sellers borrowed money from their banks to place bets that Deutsche Bank stock is going to go down. Now, it's wringing its hands and saying, "Oh the speculators are killing us." But it's Deutsche Bank and the other banks that are providing the money to the speculators to bet on credit.

  Michael Hudson

  Hands, Credit, World

  Source: www.counterpunch.org

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• In contrast to the speculators preoccupation with rapid gain, value investors demonstrate their risk aversion by striving to avoid loss.

  Seth Klarman

  Loss, Risk, Aversion

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• Economists don't usually make good speculators, because they think too much.

  Paul Krugman

  Thinking, Too Much, Economist

  Paul Krugman (2004). “The Great Unraveling: Losing Our Way in the New Century”, p.40, W. W. Norton & Company

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• But, as soon as speculators become an important influence in the market, their business is to speculate on each others behaviour.

  Joan Robinson

  Important, Behaviour, Influence

  Joan Robinson (2014). “Contributions to Modern Economics”, p.46, Academic Press

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• The speculator is not an investor.

  Edwin Lefevre

  Investors

  Edwin Lefèvre (2004). “Reminiscences of a Stock Operator”, p.117, John Wiley & Sons

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• The speculators deadly enemies are: Ignorance, greed, fear and hope. All the statute books in the world and all the rules of all the Exchanges on earth cannot eliminate these from the human animal.

  Edwin Lefevre

  Book, Ignorance, Animal

  Edwin Lefevre (2013). “Reminiscences of a Stock Operator”, p.477, Lulu Press, Inc

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• However, it is safe to say that at the peak in 1929 the number of active speculators was less - and probably was much less - than a million.

  John Kenneth Galbraith

  Numbers, Safe, Active

  John Kenneth Galbraith (2009). “The Great Crash 1929”, p.96, Houghton Mifflin Harcourt

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• At times like the present, when the evils of unsound finance threaten us, the speculator may anticipate a harvest gathered from the misfortune of others, the capitalist may protect himself by hoarding or may even find profit in the fluctuations of values; but the wage earner - the first to be injured by a depreciated currency and the last to receive the benefit of its correction - is practically defenseless.

  Grover Cleveland

  Wisdom, Evil, Hoarding

  United States. President (1893-1897 : Cleveland), Grover Cleveland (1895*). “Special message, August 8th, 1893. Extract from third annual message, December 2nd, 1895”

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• That became a big time in comic books because it's when people were starting to break out into independent stuff, the market was getting choked with speculators and everybody was trying to do their own trick covers.

  Todd McFarlane

  Book, Independent, Artist

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• on Broadway money rules. Like a host of vultures, the ticket brokers, the speculators, the craft unions, the agents, the backers, the real estate owners move in on the creative body and take their bite. The world of dreams breathes in an iron lung; and without this mechanical pumping it dies.

  Marya Mannes

  Dream, Real, Moving

  Marya Mannes (1961). “The New York I Know”

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• Speculators often prosper through ignorance; it is a cliché that in a roaring bull market knowledge is superfluous and experience is a handicap. But the typical experience of the speculator is one of temporary profit and ultimate loss

  Benjamin Graham

  Ignorance, Loss, Typical

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