Quotes About Market

With every player there is a moment when his value is higher than the price. The key is to get that timing right.

The private sector must play a role in ensuring the prosperity and health of the people who comprise its market. It is time for the private sector to become a proactive partner contributing to the efforts of governments and philanthropies.

The market-place, the eager love of gain, Whose aim is vanity, and whose end is pain!

Actually, I love trying to figure out why certain books become hits while others, which may be just as good, have trouble finding an audience.

I love food, all food, everything about food. I enjoy going to the market and having what's in front of me - what's fresh, seasonal - tell me what I'm cooking.

Books don't go out of fashion with children. They just go out of fashion with adults and publishers.

The trick is to discern a market – before there is any proof that one exists.

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.

Stock speculators are always doing that and are always working themselves into frenzies over it. Such a frenzy can cloud one's judgment to a hazardous degree.

All knowledge is spendable currency, depending on the market.

Miss Kirwin proved Bailey right. He had told me once that all knowledge is spendable currency, depending on the market.

Bailey] had told me once that all knowledge was spendable currency, depending on the market.

inversor representará una pequeña sección transversal

But make sure you remember this: The people who now claim that the next "sure thing" will be health care, or energy, or real estate, or gold, are no more likely to be right in the end than the hypesters of high tech turned out to be.

Security analysis cannot presume to lay down general rules as to the proper value of any given common stock... The prices of common stocks are not carefully thought out computations, but the resultants of a welter of human reactions.

According to tradition the sound reason for increasing the percentage in common stocks would be the appearance of the "bargain price" levels created in a protracted bear market. Conversely, sound procedure would call for reducing the common-stock component below 50% when in the judgment of the investor the market level has become dangerously high.

While it seems easy to foresee which industry will grow the fastest, that foresight has no real value if most other investors are already expecting the same thing.

Many Internet IPOs rose 1,000% or more in 1999 and early 2000; most of them lost more than 95% in the subsequent three years. How could these early gains earned by a few investors justify the massive destruction of wealth suffered by the millions who came later? Many IPOs were, in fact, deliberately underpriced to "manufacture" immediate gains that would attract more attention for the next offering.

In all of these instances he appears to be concerned with the intrinsic value of the security and more particularly with the discovery of discrepancies between the intrinsic value and the market price.

Lucent's stock, at $51.062 on June 30, 2000, finished 2002 at $1.26—a loss of nearly $190 billion in market value in two-and-a-half years.

Everybody knows that most people who trade in the market lose money at it in the end. The people who persist in trying it are either (a) unintelligent, or (b) willing to lose money for the fun of the game, or (c) gifted with some uncommon and incommunicable talent. In any case they are not investors. p12

just as in 1929 the companion theory for the "blue chips" was that no price was too high for them because their future possibilities were limitless.

Why should the future returns of stocks always be the same as their past returns? When every investor comes to believe that stocks are guaranteed to make money in the long run, won't the market end up being wildly overpriced? And once that happens, how can future returns possibly be high?

Instead, calculate a stock's price/earnings ratio yourself, using Graham's formula of current price divided by average earnings over the past three years.