A Collection of Great Historical Quotes for Every Trader and Investor.
My love for historical quotes is not something that I developed recently. I was always noting interesting quotes. I find them as one-sentence reminders for correcting one's mentality. Below you may find a small part of my collection as well as some personal comments, expressing personal opinions.
“… opportunities are like buses, there’s always another one coming.”
— Richard Branson
Maybe this quote is my favorite. I was recently reading Tom Hougaard’s book “best loser, wins”, and something that he was repeatedly mentioning is that a trader needs to have the belief that his or her system works, and of course, that the market would always have enough opportunities for every trader so he or she could be profitable.
This quote is a constant reminder that there are always opportunities in the market. Missing one trade here and there won’t be the end of the world.
“Rule #1: Never lose money. Rule #2: Never forget Rule #1.”
— Warren Buffet
Maybe one of the most famous in the finance industry and when it comes to investing in general.
The main goal for every trader and investor should be to minimize his or her losses. From Jesse Livermore to Warren Buffet, every successful financier had to minimize losses and let the winners run.
“History never repeats but it often rhymes.”
— Mark Twain
Markets are been created when many people transact with each other. These transactions carry also traits of human behavior.
Greed and fear, are common to us all, and these can be clearly seen in the markets. Trends come and go, assets reverting back to the mean, breakout, and start all over again.
Market conditions may change all the time but the basic behavior rhymes.
“Knowing is not enough, we must apply. Willing is not enough, we must do.”
– Johann Wolfgang von Goethe