Wisdom and Wisdom in Money, Wall Street and Success – Part 4

Can you summarize your investment philosophy in a few sentences? My experience is that most people can’t. The quotes that follow are diamonds that offer a really powerful education in the world of risk management. They have profoundly affected my life. I convey them in the hope that they will achieve a similar effect on your investments. To enjoy!

1) “Rule No. 1: Never lose money. Rule No. 2. Never forget Rule No. 1.” –

-Warren Buffett

2) “Big profits can be made on ordinary shares. Big losses can be made on common shares.”

-Peter Lynch

3) “Fool and money are soon to part.”

-Unknown

4) “The fool and his money were lucky to get together at all.”

-Toilet fields

5) “You should invest in a business that even a fool can run, because one day a fool will.”

– Warren Buffett

6) “The key in life is figuring out who to be a bat for.”

-Warren Buffett

7) “Let Wall Street have a nightmare and the whole state must help them get back to bed.”

– Will Rogers, Will Rogers Autobiography

8) “There are two fools in every market. One asks too little, the other too much.”

– Russian proverb

9) “Elements of good trading: (1) cutting losses, (2) cutting losses, and (3) cutting losses. If you can follow these three rules, you may have a chance.”

-Ed Seykota

10) “That market doesn’t care if you’re IN or OUT! In that regard, my question is who are you competing against? Most people will answer ‘everyone else’, my answer is ‘look in the mirror.'”

– Harald Anderson, analyst at eOptionsTrader.com