Steve Eisman Quotes

Never give anyone the advice to buy or sell shares, because the most benevolent price of advice can turn out badly.

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

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

The trend of the market is up, not down. Shorting stocks puts you against that trend and thus makes it more difficult to make money.

Don't bottom fish.

Short sellers sell stock they have borrowed, hoping to buy it back later when its price has fallen.

If you go back to 2001, the market had two violent short covering rallies then, although I know the market didn't officially get going until March 2003.

What about stocks? You got to buy them. What if they break? You have to buy the dips.

My advice to most people is don't short stocks. It's a very, very difficult business. And you can really get clobbered.

It doesn't matter whether the market is up or down. All the day traders want is volatility.

The [stock] market,like the Lord, helps those who help themselves. But, unlike the Lord, the market does not forgive those who know not what they do.

Never buy a stock because it has gone up or sell one because it has gone down.

Speculation is a hard and trying business, and a speculator must be on the job all the time or he'll soon have no job to be on.

You could lose hundreds or thousands one day on paper and gain it all back the next, and it has literally no effect on your immediate future, provided the money you have in the market is money you're investing for the long haul (meaning at least three to five years).

I have yet to take capital losses on any company. Then again, it's still early.

Wall Street is always too biased toward short-term profitability and biased against long-term growth.

There is only one side of the market and it is not the bull side or the bear side, but the right side.

The real key to making money in stocks is not to get scared out of them.

Never, never try to scope the market.

I don't think objectively we are in a tech bubble when tech stocks are at a 30 year low.

Whenever you hear a discussion about the short-term swings in any given stock's price, your immediate thought should be whether it matters to why you are investing.

A speculator is a man who observes the future, and acts before it occurs.

I have a million dollars in the stock market, because if I lose a million dollars, I don't personally care.

I could never gamble on stocks and shares because I saw my father get hurt that way - he lost quite a lot of money when the stock market collapsed in 2001.

Financial institutions like to call what they do trading. Let's be honest. It's not trading; it's betting.