Quotes About Speculator

Enterprise takes no thought for the needs of the community. Its only aim is to increase the gains of the speculator. Hence the constant fluctuations of trade, the periodical industrial crises, each of which throws scores of thousands of workers on the streets.

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.

Traditionally the investor has been the man with patience and the courage of his convictions who would buy when the harried or disheartened speculator was selling.

Human nature, gentleman. It is original sin that leads men to misfortune, every time. I am a speculator in the market, gentlemen, and that is part of God's plan. Men only learn through suffering. So I punish human weakness, and God rewards me.

Kearney did not go as far in geographic distance as he did in mode of livelihood: although he only went across San Francisco Bay to Alameda County, he went much further in the change of his career, for this erstwhile drayman ended his days as a well-to-do commodity market speculator'4 -the very sort of thing he had so ardently attacked in speech after speech delivered to cheering working men in the sandlots of San Francisco.

Historians have long been squeamish about acknowledging that General Washington, like many of the American founders, was a voracious land speculator. Few academics and high school history teachers want to risk their careers by suggesting to their students that the father of their country worked the same day job as Donald Trump.

Only suckers worry. But he can knock the worry if he takes a Scotch and soda. The hell with what the doctor says. So he rings for one and the steward comes sleepily, and as he drinks it, the speculator is not a sucker now; except for death.

The stock investor can stay in the position forever. A futures speculator, on the other hand, will be forced out of the market when the contract expires. So even if he has financed a losing futures position, he is forced into making a new decision at expiration as to whether to stay with the position. The stock player has no such forcing point, which is why it's especially important to decide what type of participant you're going to be when you're in the stock market.

They are still angry. I am not. Getting angry doesn't get a man anywhere. More than once it has been borne in on me that a speculator who loses his temper is a goner.

The speculator's deadly enemies are: Ignorance, greed, fear and hope.

A speculator is a man who, if he dies at the right time, has a rich widow.

Beautiful credit! The foundation of modern society. Who shall say that this is not the golden age of mutual trust, of unlimited reliance upon human promises? That is a peculiar condition of society which enables a whole nation to instantly recognize point and meaning in the familiar newspaper anecdote, which puts into the mouth of a distinguished speculator in lands and mines this remark: 'I wasn't worth a cent two years ago, and now I owe two millions of dollars.

As Minsky argued, stability destabilizes. This is an aspect of what George Soros, the successful speculator and innovative economic thinker, calls 'reflexivity': the way human beings think determines the reality in which they live.

The fact is, nobody has the faintest idea of what is going to happen next year, next week, or even tomorrow. If you hope to get anywhere as a speculator, you must get out of the habit of listening to forecasts. It is of the utmost importance that you never take economists, market advisers, or other financial oracles seriously.

The individual investor should act consistently as an investor and not as a speculator

I couldn't understand how they had lost so much money. When you bought stock in one of these companies, what were you buying? A manufacturing company or a derivatives speculator? How could you tell the difference? In each case, the DPG salesmen vowed that they had not sold any of the exploding derivatives. In each case, rumors bounced throughout the firm, then died. It appeared that Morgan Stanley had dodged these bullets, too.

True regulation is for the equal benefit of the consumer and the investor, and the only man who will suffer from true regulation is the speculator or the unscrupulous promoter who levies tribute equally from the man who buys the service and from the man who invests his savings in this great industry.

Beautiful credit! The foundation of modern society. Who shall say that this is not the golden age of mutual trust, of unlimited reliance upon human promises? That is a peculiar condition of society which enables a whole nation to instantly recognize point and meaning in the familiar newspaper anecdote, which puts into the mouth of a distinguished speculator in lands and mines this remark: -- ''I wasn't worth a cent two years ago, and now I owe two millions of dollars.''