Justin Welby Quotes

The problem with most people who play the market is that they are not flexible.

The essence of good business is knowing when to step on a train and when to step off.

The thing about markets, and I think the thing people don't understand about that, is markets are not kind, but they're very efficient. So when the marketplace determines an inefficiency in the system, it corrects that, and a market system that's left alone will reward good behavior and punish bad behavior.

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

Bulls don't read. Bears read financial history. As markets fall to bits, the bears dust off the Dutch tulip mania of 1637, the Banque Royale of 1719-20, the railway speculation of the 1840s, the great crash of 1929.

I just hate meetings. Though it's true that once you've made a lot of money, people around you might be full of ideas about ways to make lots more money and might be disappointed that you don't want to seize every opportunity to do so.

Business is all about risk taking and managing uncertainties and turbulence.

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

A second reason why science cannot replace judgement is the behavior of financial markets.

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.

I think the value of venues like CNBC is that they give investors an opportunity to reevaluate the situation minute by minute, but maybe we don't need to follow the market so closely.

People often panic when the markets go down and sell off their stocks - but then they aren't in the game when the markets are doing well.

You know what term you don't hear anymore? Arbitrage. The markets have gotten too efficient.

If you are a short-term trader, you have the right to come and go from our funds.

My label in Toronto was 'Stand Pat' and I think that was a fair assessment. I tried to be patient, but if a trade came along - big or small - that I thought should be made, I would make it.

Good household decision-making often relies on thinking about your household like a firm.

Fortune is like the market, where, many times, if you can stay a little, the price will fall.

I'm sometimes accused of being hostile to mutual funds. That's not fair, really. There is a place for them. Still, I am hostile to one thing, which is trying to use funds to time your way in and out of the market. That's a recipe for very bad results.

There's no statistical evidence that human beings have an ability to move in and out of the markets effectively. It's next to impossible.

Trading is very competitive and you have to be able to handle getting your butt kicked.

Markets love volatility.

All too often, the pitchmen are selling the notion that if you gain 'control' over your financial destiny - pick your own stocks and execute your own trades - it will be the first step on a short road to riches.

People look for an edge in an uncertain world.

The one thing about markets is that they do not give any advance notice. If they did, they would be arbitraged away.

I don’t know why the Stock Market does what it does.