James B. Stewart Quotes

Get-educated-quick schemes are usually about as sound as subprime mortgage-backed securities: Enticing but basically fraudulent.

If some stock categories get too hot-and-pricey, mass supply is created via stock offerings to tap that cheap money - and, when overdone, drives it all down.

You'll get nowhere buying stocks just because they have a great story.

… a pin lies in wait for every bubble. And when the two eventually meet, a new wave of investors learns some very old lessons..

There are so many traps, so many ways of getting screwed in this business.

The chief obstacle to success lies in the stubborn fact that if the favorable prospects of a concern are clearly apparent they are almost always reflected already in the current price of the stock. Buying such an issue is like betting on a topheavy favorite in a horse race. The chances may be on your side, but the real odds are against you.

Excessive hype, bankruptcy, cash burning like autumn leaves - such is the stuff of short-selling.

Shorts wager on price declines by selling shares that they have borrowed in the hope of buying them back at far lower prices.

Don't under any circumstances invest any money on the Black Star Line. The District Attorney of New York County has pronounced its methods fraudulent.

Employees did not only have their money in their 401k’s. They had their lives in those 401k’s ... today most people have most of their money in public stocks ... and the government regulates very little of this.

People who look for easy money invariably pay for the privilege of proving conclusively that it cannot be found on this sordid earth.

This joint stock company has in common with many other stock companies that everyone knows what he puts in, but not what he will get out of it.

There’s nothing like doing things with OPM—Other People’s Money. It takes the risk out of it.

I don't really like hedging. To me, if something needs to be hedged, you shouldn't have a position in it.

Remember that all financial markets are filled with good but not necessarily innocent people looking after their own self-interests before they look after yours.

The culture of self-gratification and deregulation that began during the Clinton years and continued under President George W. Bush led to the bursting of one stock market bubble at the turn of the century and a full-scale financial crash less than a decade later.

Any time an investment company has to spend heavily on advertising, it's probably a bad business in which to invest.

I get very worried that people that are buying bitcoins don't really understand what they're participating in other than the headline stories that it keeps going higher and 'I want to make sure I don't miss this opportunity to make some money.'

No one likes to look at their stock price go down and say, 'I feel good about that.' It goes without saying.

The potential rewards of small-cap investing do not come without risk.

I don't rely on off-shore tax havens, and I don't want to invest in stocks and shares as we have seen how volatile that game has been since the financial crash.

There was a time when a company could not sell its shares to the public unless its revenues were growing and it was turning a profit. Companies that lost money were deemed too risky for public investors.

My impression of Wall Street growing up was certainly that it was like the big, bad place where all of the men did the bad things with our money.

There is scarcely an instance of a man who has made a fortune by speculation and kept it

A hyperactive stock market is the pickpocket of enterprise.