Olin Miller Quotes

There is no such thing as a value trap. There are investing mistakes.

Observation over many years has taught us that the chief losses to investors come from the purchase of low-quality securities at times of good business conditions. The purchasers view the good current earnings as equivalent to 'earning power' and assume that prosperity is equivalent to safety.

It is no difficult trick to bring a great deal of energy, study, and native ability into Wall Street and to end up with losses instead of profits. These virtues, if channeled in the wrong directions, become indistinguishable from handicaps.

Cheer the bull, or cheer the bear; cheer both, and you will be trampled and eaten.

The chief losses to investors come from the purchase of low-quality securities at times of favorable business conditions.

There will always be bull markets followed by bear markets followed by bull markets

If you really believe that every three years the market will double, then go and buy shares. I don't believe that.

Alas, in 1929 came the Stock Market crash and everything changed and became worrisome. People started practicing conservatism because of financial losses, myself included.

I don't invest in the stock market. I did it a long, long time ago when I was really young, and I got involved in all the investigations and all the prosecutions, and I felt it was better if I didn't make individual investments. So I'm invested in funds, but not in individual - not in individual stocks.

What is the most common investor mistake? Trading - getting in and getting out at all the wrong times, for all the wrong reasons.

Today the financial market is no good, but the money is there.

I like the Bulls, the Bears - Chicago.

Why is it not newsworthy when an elderly homeless person dies in the street when it is newsworthy when the Stock Market loses 2 points?

It is indeed true that the stock market can forecast the business cycle.

Who would you trust right now? Which bank would you trust? Which investment would you trust? Do you really want to put your money; do you want to suffer more of these losses that we just had? You know, these volatility that we see is just unexplainable by any rational standards. Nobody has any clue about how to explain this, and nobody wants to experience that. So, we hold more money back, we don't necessarily want to invest in the market and by default, people are saving more.

More money is lost anticipating the changes in the overall stock market than any other way of investing.

If stocks are attractive and you don't buy, you don't just look like an idiot, you are an idiot.

It is worth pointing out that assuredly not more than one person out of a hundred who stayed in the market after after 1925 emerged from it with a net profit and that the speculative losses taken were appalling.

I know many members of our community steer clear of Wall Street because of the perception that the stock market is risky, but I am convinced the biggest risk of all is not taking one.

It's a fact: stock investors sometimes lose money on their way to wealth. Get over it.

The stock market has spoiled more appetites than bad cooking.

If it is hard to imagine that 20% of losses on the stock market, you should never participate

The worst thing you can do is invest in companies you know nothing about. Unfortunately, buying stocks on ignorance is still a popular American pastime.

If you have trouble imagining a 20% loss in the stock market, you shouldn't be in stocks.

Speculators often prosper through ignorance; it is a cliché that in a roaring bull market knowledge is superfluous and experience is a handicap. But the typical experience of the speculator is one of temporary profit and ultimate loss