Rick Santelli Quotes

I was not a student of Wall Street, but I was a quick study.

When I meet people on airplanes and they find out I'm an economist, they usually ask about stock tips.

If you have read me for any length of time, you know I am less than enthralled with much of what passes for financial news.

One of the very nice things about investing in the stock market is that you learn about all different aspects of the economy. It's your window into a very large world.

I've always loved to play games, and face it: investing is one big game. You need to be decisive, open-minded, flexible and competitive.

I want to be known as one of the most accurate investors that ever lived.

I've just done a commercial in the U.S. in which I talk about stocks, shares and bonds. Everyone is amazed. They ask me: 'You really know about that stuff or did you just learn it for the commercial?' I tell them I wouldn't do it unless I understood and had an interest.

The man I respect the most in the business - and he's in the hedge fund business - is probably Stan Druckenmiller. He's just so smart and so good and so up on everything. I think he's fantastic investor.

I was about thirteen when I started thinking about the stock market. My dad helped me a little bit. I'd see it in the 'Santa Barbara News-Press.' These prices would change every day - what was that all about?

I did get introduced to the financial markets while I was in college. And I think I learned also how to sort of filter out all of the nonrational, or nonsensible, noise and sort of concentrate on what matters, and that's really what markets are about.

Regardless of how or where you enter Wall Street, use your inherent skills and strengths to succeed.

I started trading stocks, options and futures while I was at UCLA, using my earnings from working summers at the old IBM plant on Cottle Road. I never lost interest in how companies work. It's fundamental to who I am.

As an investment banker, I'm in the cross-flow of information and the changes that are taking place in capital markets.

One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute.

The ability to select stocks, manage them over time and know when to sell them is incredibly difficult, even for professional fund managers.

Macro-trading requires a high degree of skill, focus and repetition. Life events, such as birth, divorce, death of a loved one and other emotional highs and lows are obstacles to success in this specific field of finance.

In college I started studying the stock market. I went down to the stock exchange, watched all the activity from the visitors' gallery, people running around, calling numbers, shouting, and all the paper flying and the bells ringing, and of course that was exciting, and it seemed to lend itself to my analytical skills.

You can't manage Wall Street. Wall Street has its own viewpoints on everything. I have always believed, if you manage your business correctly, Wall Street will take care of itself.

It seemed glamorous when I used to go into work and get to be on a trading floor or see how the business worked a little bit before I ever understood what it was.

Money management has been a profession involving a lot of fakery - people saying they can beat the market, and they really can't.

I'm a kibitzer with a broad portfolio.

The secret to being successful from a trading perspective is to have an indefatigable and an undying and unquenchable thirst for information and knowledge.

I'm not a Wall Street expert, but I can read the papers.

I have become a subscriber for 'Business Week.' It teaches me a lot about business, and I have really started to get into it. I'm interested in business and learning about how everything works.

The institutional investor remains the bigger influence on individual trades simply because the institutional investor has more money to support the order and that will have more of an impact on the stock.