Trade Quotes - Page 35

• When you're trading well, you have a better mental attitude. When you're trading poorly, you start wishing and hoping. Instead of getting into trades you think will work, you end up getting into trades you hope will work.

  Randy McKay

  Attitude, Thinking, Wish

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• Why are deadly weapons being sold to those who plan to inflict untold suffering on individuals and society? Sadly, the answer, as we all know, is simply for money: money that is drenched in blood, often innocent blood. In the face of this shameful and culpable silence, it is our duty to confront the problem and to stop the arms trade.

  Pope Francis

  Blood, Silence, Suffering

  Address to a Joint Meeting of the U.S. Congress, delivered 24 September 2015, Washington, D.C.

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• Now in regard to trades and other means of livelihood, which ones are to be considered becoming to a gentleman and which ones are vulgar, we have been taught, in general, as follows. First, those means of livelihood are rejected as undesirable which incur people's ill-will, as those of tax-gatherers and usurers. Unbecoming to a gentleman, too, and vulgar are the means of livelihood of all hired workmen whom we pay for mere manual labour, not for artistic skill; for in their case the very wage they receive is a pledge of their slavery.

  Marcus Tullius Cicero

  Mean, Skills, Ill Will

  Marcus Tullius Cicero (2014). “Delphi Complete Works of Cicero (Illustrated)”, p.3108, Delphi Classics

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• If you get rid of a lot of the poseurs by destroying record companies, maybe it's a good trade-off.

  Mark Mothersbaugh

  Records, Destroying, Company

  Source: www.believermag.com

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• The assertion that everyone benefits simultaneously from free trade is simply incorrect.

  Kenneth Rogoff

  Benefits, Free Trade, Assertion

  Source: www.spiegel.de

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• Much of what we know about mathematics and trade comes from the Arabs. Then came stagnation, and now they're the West's whipping boy. This is a problem that cannot be solved overnight, and certainly not militarily.

  Brent Scowcroft

  Boys, West, Problem

  Source: www.spiegel.de

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• We have an international system. We all profit from it. Trade profits from it. Peace. We can travel around the world because of it. And part of that system is certain ideas, the certain ideas you can't invade other countries for no reason. You can't commit genocide. You can't - rogue regimes can't have nuclear weapons, and you can't gas your own people.

  David Brooks

  Country, Ideas, People

  "Shields and Brooks Debate Need for National Consensus Over Syria". "PBS NewsHour" with Judy Woodruff, www.pbs.org. August 30, 2013.

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• Before you trade sandwiches, check between the bread.

  Cynthia Lewis

  Sandwiches, Bread, Checks

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• More trade with Qatar & emirates is good against terrorism.

  Rudy Giuliani

  Qatar, Terrorism, Emirates

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• J.P. Morgan once had a friend who was so worried about his stock holdings that he could not sleep at night. The friend asked, 'What should I do about my stocks?' Morgan replied, 'Sell down to your sleeping point' Every investor must decide the trade-off he or she is willing to make between eating well and sleeping well. High investment rewards can only be achieved at the cost of substantial risk-taking. So what is your sleeping point? Finding the answer to this question is one of the most important investment steps you must take.

  Burton Malkiel

  Sleep, Night, Eating Well

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• One of the most basic and pervasive social processes is the sorting and labeling of things, activities, and people... Sorting and labeling processes involve a trade-off of costs and benefits. In general, the more finely the sorting is done, the greater the benefits - and the costs... Sorting and labeling, whether of people or of things, is a sorting and labeling of probabilities rather than of certainties.

  Thomas Sowell

  People, Cost, Done

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• Always understand the risk/reward of the trade as it now stands, not as it existed when you put the position on. Some people say, "I was only playing with the market's money." That's the most ridiculous thing I ever heard.

  Bill Lipschutz

  People, Risk, Rewards

  "The New Market Wizards". Book by Jack D. Schwager, 1992.

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• I basically learned that you must get out of your losses immediately. It's not merely a matter of how much you can afford to risk on a given trade, but you also have to consider how many potential future winners you might miss because of the effect of the larger loss on your mental attitude and trading size.

  Randy McKay

  Attitude, Loss, Missing

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• I take the point of view that missing an important trade is a much more serious error than making a bad trade.

  William Eckhardt

  Errors, Views, Missing

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• Soros is the best loss taker I've ever seen. He doesn't care whether he wins or loses on a trade. If a trade doesn't work, he's confident enough about his ability to win on other trades. There are a lot of shoes on the shelf; wear only the ones that fit. If you're extremely confident, taking a loss doesn't bother you.

  Stanley Druckenmiller

  Loss, Winning, Shoes

  "Stanley Druckenmiller's response to the Black Monday crash showed why he's such an amazing investor" by Ben Carlson, www.businessinsider.com. November 13, 2016.

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• The key to investment success is emotional discipline. Making money has nothing to do with intelligence. To be a successful investor, you have to be able to admit mistakes. I trained a guy to trade who had a 188 IQ. He was on "Jeopardy" once and answered every question correctly. That same person never made a dime in trading during 5 years!

  Victor Sperandeo

  Mistake, Successful, Emotional

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• To the documentary director the appearance of things and people is only superficial. It is the meaning behind the thing and the significance underlying the person that occupy his attention... Documentary approach to cinema differs from that of story-film not in its disregard for craftsman-ship, but in the purpose to which that craftsmanship is put. Documentary is a trade just as carpentry or pot-making. The pot-maker makes pots, and the documentarian documentaries.

  Paul Rotha

  People, Directors, Cinema

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• To know how to live is my trade and my art.

  Michel de Montaigne

  Art, Know How, Knows

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• That's our mirror. Every dip, every crash, every bubble that's burst, a testament to our brilliant stupidity. This one gave us the railroads. This one the Internet. This one the slave trade. And if we hope to do anything about saving the environment, or getting to other worlds, we'll need a bubble for that too. Everything I've ever done in my life worth anything has been done in a bubble: in a state of extreme hope and trust and stupidity.

  Lucy Prebble

  Mirrors, Other Worlds, Stupidity

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• We must not fall into the mistake of thinking that it is America that trades with Taiwan or Europe that trades with Asia. The truth is that it is American companies that trade with Taiwanese companies.

  Margaret Thatcher

  Mistake, Fall, Thinking

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• As long as capital-both human and money-can move toward opportunity, trade will not balance.

  Walter Wriston

  Moving, Opportunity, Long

  Walter B. Wriston (2013). “Bits, Bytes, and Balance Sheets: The New Economic Rules of Engagement in a Wireless World”, p.87, Hoover Institution Press

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• An unsuccessful manager blames failure on his obligations; the effective manager turns them to his own advantage. A speech is a chance to lobby...a visit to an important customer a chance to extract trade information.

  Henry Mintzberg

  Important, Speech, Information

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• Civil Engineering is the art of directing the great sources of Power in Nature for the use and convenience of man; being that practical application of the most important principles of natural Philosophy which has in a considerable degree realized the anticipations of Bacon, and changed the aspect and state of affairs in the whole world. The most important object of Civil Engineering is to improve the means of production and of traffic in states, both for external and internal Trade.

  Thomas Tredgold

  Art, Philosophy, Mean

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• Modern war is so expensive that we feel trade to be a better avenue to plunder; but modern man inherits all the innate pugnacity and all the love of glory of his ancestors.

  William James

  War, Men, Glory

  William James (2016). “William James: Essays and Lectures”, p.275, Routledge

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• Those who would trade safety for freedom deserve neither.

  Thomas Jefferson

  Safety, Deserve

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