Danish Proverb Quotes

Don't bottom fish.

You have to be okay with wins and losses. You can't just be looking for the wins and, when the losses happen, you can't buy more and more because you're sure it's going to bounce. We call that revenge trading.

My two biggest lessons learned as a trader are take risks and get comfortable with taking losses and setbacks to help move you forward.

Soros is the best loss taker I've ever seen. He doesn't care whether he wins or loses on a trade. If a trade doesn't work, he's confident enough about his ability to win on other trades that he can easily walk away from the position.

If your investing approach requires that you become Nostradamus to succeed, then you are destined to fail.

But in practice, if often comes down to not suffering a loss as big as the huge gain you made a while ago.

Investors don't like uncertainty.

If you are not making any mistakes, you are being excessively risk-averse. Investing involves risk, and that means you will occasionally be wrong. And although it is okay to be wrong, it is not okay to stay wrong.

In some industries, we refer to risk taking as 'research and development.' At financial institutions, we often take risk by investing in securities.

The key thing when you short is to make sure you're not wrong on the fundamental intrinsic value.

Funny, but after trading for more than 15 years, I still am capable of forgetting a cardinal rule: The paper you own, in the end, will be intertwined with the fate of the 30-year bond.

Risk managers and investment bankers and actually, all kinds of investors took on more risk than they expected. So there was a failure of risk management. There was a failure to recognize how much risk there was in some of these securities that people bought.

Speculator: One who bought stocks that went down.

As in roulette, same is true of the stock trader, who will find that the expense of trading weights the dice heavily against him.

I don't try to get all the meat off the bone. When I get a good figure, I just move something. Too many people try to hit the peak price, and they hold on until it is too late.

We're getting hurt, but I'm a long-term investor.

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

In the world of money and investing, you must learn to control your emotions.

I'm not a money manager, but I can tell you what the conventional wisdom is. The younger you are, the more risk you can take on.

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

In a rising market, enough of your bad ideas will pay off so that you'll never learn that you should have fewer ideas.

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.

If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong.

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.