Archive for the ‘Market Quotes’ category

Market Quotes

The movement of money from one area to another is inherently unsustainable and destined to reverse itself. The money pilling up in the pockets of the citizens of the gaining country will encourage them to go out and buy things, while the loss of purchasing power in the losing country will lead its citizens of the gaining country will encourage them to go out and buy things, while the loss of purchasing power in the losing country will lead its citizens to tighten their belts and buy less; prices will rise in the gaining country and fall in the losing country. This shift in demand will in time reverse the flow of money back to the country that first suffered the outflow. As a result it is impossible to heap up money, more than any other fluid, beyond its proper level.

David Hume, Of the Balance of Trade

Discovery consists of seeing what everybody has seen and thinking what nobody has thought.

Albert Szent-Gyorgi, Nobel Prize Winner, Medicine, 1937

‘I had to do so much with so little, for so long, that I can do anything with nothing.’

Chris Gardner, quotes his mother

Buying at the start of a bubble is “rational”

George Soros talking on Gold

Against a world average of around four hospital beds per 1000 population, India lags behind at just over 0.72.

KPMG Health Care Report

You can’t suddenly make India a China.

Surya Sethi, World Bank Official commenting on India’s Power sector

As a general rule, it is foolish to do just what other people are doing, because there are almost sure to be too many people doing the same thing.

William Stanley Jevons

Formal education will make you a living, self education make a fortune.

Jim Rohn

More money was lost trying to get the last TICK than was made catching the whole move.

Bernard Baruch

Simplicity or singleness of approach is a greatly underestimated factor of market success.

Garfield Drew

The crowd is actually correct most of the time and it is at turning points that they get things wrong.

Humphrey Neill

The element of time can no more be eliminated from successful speculation… than from any other business.

Thomas Gibson, The facts about speculation 1923

Stocks don’t sell for what they are worth but for what people think they are worth.

Garfield Drew

Danger of losing your position in the middle of the trend.

Edward LeFevre’s, Reminiscences of a Stock Operator.

“It looks as if 1000 in the Average could be our next major target.”

Hamilton Bolton,April 1964, Dow Jones Industrial 812, Extracts from Elliott Wave Reviews, The Writings of A. Hamilton Bolton

“The market can stay irrational longer than you can stay solvent.”

John Maynard Keynes

“The Efficient Market Hypothesis can land you in jail”

Dismal science, dismal sentence, Sep 7, 2006 - The Economist Print Edition

In one respect markets are like houses. They take longer to build than they do to tear down. Markets spend most of their time advancing rather than declining. This means that the lead characteristics of momentum indicators are usually more pronounced at market peaks than at troughs.

Martin Pring on Market Momentum

“The laws of nature, and incidentally economics, are ruthless, which is as it should be”

Ralph N Elliott, Biography, R.N.Elliott’s Masterworks

“Logic always applies, if your premises are correct and knowledge sufficient”

Robert Prechter,The Writings of A. Hamilton Bolton

“It is foolish to short emerging markets, they are so euphoric that it is too dangerous”.

Emerging Market Investor, Apr 06

“Phenomena of mass action (are) under impulsions and controls which no science has explored”

Bernard Baruch, Extraordinary Popular Delusions & the Madness of Crowds, 1932

B waves are phonies. They are sucker plays, bull traps, speculator’s paradise, orgies of odd-lotter mentality or expressions of dumb institutional complacency (or both). They often involve a narrow list of stocks, are often “unconfirmed” by other averages, are rarely technically strong and are virtually always doomed to complete the retracement by wave C. If the analyst can easily say to himself, “there is something wrong with this market”, chances are it’s a B wave.

Frost & Prechter

When markets are topping, there is always another top. And when markets bottom there is always another bottom.


There has been no change in demand and supply. How did prices fall from $78 to $58 per barrel?

P Chidambaram, Finance Minister, India
CII (Confedration of Indian Industry) and the World Economic Forum, Nov 27, 2006

The less secure we are economically the more secure we are economically.

Carl J. Schramm. The Entrepreneurial Imperative

Most, probably, of our decisions to do something positive, the full consequences of which will be drawn out over many days to come, can only be taken as the result of animal spirits - a spontaneous urge to action rather than inaction, and not as the outcome of a weighted average of quantitative benefits multiplied by quantitative probabilities.

John Maynard Keynes, The General Theory of Employment Interest and Money, 161-162

Greed arrogance and unscrupulousness are the way of the world

Economist - Teaching of Conrad Black’s Father

Peasant Logic - Scare your opponent enough, and he will give you what you want.

Khruschev’s Cold War

Journalism needs to become a community service rather than a profit centre.

Craig Newmark, of Craigslist

“January 1 will enter history books as a moment of irreversible change toward a more secure and prosperous future,”

President Traian Basescu told Romania’s parliament.

75% of all stocks move up with a bull market, and 90% of all stocks move down with a bear market.


Vivid examples of planning failures and partial reforms—for example, a quarter of all shoes sold in Hungary in 1951 were officially classed as substandard.

Mr Eichengreen

“I got into this market to make $100,000 a year and feed my family and to allow my wife to stay home with the kids. I never in my wildest dreams thought we’d be here at the center of the U.S. equities market.”

Dave Cummings, BATS

“I think what the Fed is trying to tell us is that it is between a rock and a hard place. And when you’re between and a rock and a hard place, you just can’t move,”

Drew Matus, senior economist at Lehman Brothers Holdings

There are only three sports - bullfighting, motor racing, and mountaineering.


The “great redeeming feature of poverty,” George Orwell wrote after his excursions in the social gutters of Paris and London, is “the fact that it annihilates the future”.

Uproar is the music of capitalism

Joseph Schumpeter

Putting a biomass water-heater in the basement tends to be easier than sticking a windmill on the roof.


Ethanol can be produced in backyard plants.


Markets tend to do a better job then the STATE and Economists


“If you’re not at the table, you’re on the menu.”

Saying in Washington

20% of Denamark’s energy come from WINDS


The carbon market is truly innovative. The trade is not actually in carbon, but in not carbon.


The five dirty industries covered by ETS (Emissions Trading Scheme) are ELECTRICITY, OIL, METALS, BUILDING MATERIALS AND PAPER .


“In business, you reward people for taking risks. When it doesn’t work out, you promote them because they were willing to try new things. If people come back and tell me they skied all day and never fell down, I tell them to try a different mountain.”

Bloomberg 0607

“SKY - high copper prices; rock bottom education”

Student Banner in CHILE, 1006

10 million Indonesians live on $1 a day, and 100 million on $2 a day


A new theory is attacked as absurd;then it is admitted to be true, but obvious and insignificant; finally, it is seen to be so important that it’s adversaries claim that they themselves have discovered it.

William James

One day the world will be ready for you and wonder how they didn’t see it


In business, success often depends upon the relative age of your ideas. And today, people of all ages are in trouble because their ideas aren’t just old, they’re obsolete. One example of an old idea is that of the traditional job. Jobs are a centuries-old concept created during the industrial revolution. Despite the reality that we’re now deep in the Information Age, many people are studying for, or working at, or clinging to the Industrial Age idea of a safe, secure job.


One notorious sceptic of the Asian miracle was Paul Krugman, who had argued before the crisis that Asia’s growth was the result of “perspiration rather than inspiration”, based on increasing inputs of capital and labour rather than productivity gains, and would therefore prove unsustainable.

East Asian Economics, 10 year Crisis Anniversary

Once China’s currency the Yuan, is fully convertible, Honk Kong will be just another Chinese port.

Hong Kong Pessimists

Gay households is growing five times faster than the population itself. The last consensus in 200 counted 600000 same sex couples. Most Fortune 500 companies paid offered the same health insurance to employee gay partners as to spouses first time last year.

Gary Gates

If factories go, there will be nothing left


Nation is not at war, the military is at war

US Military commanders

A superpower can lose a war - in Vietnam or Iraq - without ceasing to be a superpower.

Robert Kagan

4.6% of World’s (Defense spending) population in USA with a 27.5% World GDP spends 46% of total World defense budget ($1.2 trillion.)

US Factsheet

The trouble though, is that America’s forces were designed for sprints not marathons


I am proud to be a speculator. I am proud that my humble attempts to predict Tuesday’s prices on Monday are an indispensable component of our society. By buying low and selling high, I create harmony and freedom,

Victor Niederhoffer

There is always an easy solution to every human problem — neat, plausible and wrong.

H. L. Mencken

There are no failures, merely different outcomes.

Penny Thornton

Just when you think you’ve found the key to wall street, they go and change the locks.


"We humans co-evolve with our tools. We change the tools, and the tools change us, and that cycle repeats." Jeff Bezos