John Kenneth Galbraith Quotes

The investing world is a little bit more multidimensional than poker.

Finance is wholly different from the rest the economy.

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.

A financial crisis is a great time for professional investors and a horrible time for average ones.

You have a class of investors and you have a class of speculators. The speculators historically haven't been big enough to cause the investors to doubt the long-term vision of stock.

Bankers know that history is inflationary and that money is the last thing a wise man will hoard.

And at a relatively early age, ten or so, I invested my first share of stock. And I used to follow, look at companies and so forth. But throughout the whole period, and indeed right through my college years, while I was involved in the stock market, always interested in finance, I never thought of it as a full-time job.

My adversary is the world of finance.

A stock certificate is not a tool, like a shovel, or a commodity, like a pound of cheese. What we sell a customer is not a share in a business, but a view of the Elysian Fields. A financier is a creative artist. Our function is to stimulate the imagination. We are poets!

Financial advice needs to change according to what is happening in the economy.

Nowhere does history indulge in repetitions so often or so uniformly as in Wall Street.

There are two times in a man's life when he should not speculate [on the Stock Market]: when he can't afford it, and when he can.

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

My investment advice is rooted in my understanding of economics.

Low-volatility funds, which tend to smooth out performance, have been especially popular since the financial crisis. The PowerShares S&P 500 Low Volatility Fund is the oldest, begun in 2011.

There's so much disagreement about investing, and it's because nobody really knows.

If I've learned anything as an economic analyst, it is that the stock market and economic winds can shift by the hour.

I went into investments out of interest and thought I knew a little. The longer I've been involved, the less I realise I'd known.

As an investor, I'm always scouting for new trends.

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

In our view, derivatives are financial weapons of mass destruction carrying dangers that, while latent, are potentially lethal.

What's both fascinating and challenging about investing is that the changing nature of business and finance means you can never have it all figured out.

For us, whether the market is skewed from a bubble perspective or not really is mitigated by staying focused on what we do best.

The starting point of my career in money management in 1973-74 was the time of the only true bear market any living non-Japanese investor has seen in major markets. Equities, real estate, you name it, everyone got run over.

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