Wisdom Quote

"America is the largest debtor nation in the history of the world..note, I said 'history' of the world, not just the world."

--Jim Rogers

Weekly Wisdom Quote

"If you don't get what you want, it's a sign either that you did not seriously want it, or that you tried to bargain over the price."

--Rudyard Kipling

Weekly Wisdom Quote

"There is a principle which is a bar against all information, which is proof against all arguments, and which cannot fail to keep a man in everlasting ignorance--that principle is contempt prior to investigation."

--Herbert Spencer

Weekly Wisdom Quote

"If I had been a professor, I would have let Mr. Bernanke pass his exams, but I would have told him never to become a central banker."

--Marc Faber
Barron's-January 18, 2010 issue

***Barron's witty reply to Mr. Faber was, "He would have told you never to become a professor."

Weekly Wisdom Quote

"If you're not making mistakes, you're not trying hard enough."

Vince Lombardi

Weekly Wisdom Quote

"If you have a minute, I'll tell you how to make money in stocks. Buy low and sell high--now if you have five or ten years, I'll tell you how to tell when stocks are low and high."

--Jesse Livermore

Weekly Wisdom Quote

"The only conquests that are permanent and leave no regrets are our conquests over ourselves."

--Napoleon Bonaparte

Weekly Wisdom Quote

"Most of the time, we deal with ... obstacles by persevering. Sometimes we get discouraged and turn to inspirational writing, like stuff from Vince Lombardi: 'Quitters never win and winners never quit.' Bad advice. Winners quit all the time. They just quit the right stuff at the right time."

Seth Godin
the dip

Weekly Wisdom Quote

"If rule governance and conscientiousness in following rules is associated with market success, then traders want to use emotions to trigger greater attentiveness to plans and rules. This means creating associative cues between emotional arousal and the behaviors responsible for trading success."

Brett N. Steenbarger
The Psychology of Trading

Weekly Wisdom Quote

"The defining characteristic that separates the consistent winners from everyone else is this: The winners have attained a mindset--a unique set of attitudes--that allows them to remain disciplined, focused, and, above all, confident in spite of the adverse conditions."

--Mark Douglas
Trading In The Zone

Weekly Wisdom Quote

"The person who stops studying merely because he has finished school is forever hopelessly doomed to mediocrity, no matter what may be his calling. The way of success is the way of continuous pursuit of knowledge."

--Napoleon Hill
Think and Grow Rich

Weekly Wisdom Quote

"...our visual and decision environments are filtered to us courtesy of our eyes, our ears, our senses of smell and touch, and the master of it all, our brain. By the time we comprehend and digest information, it is not necessarily a true reflection of reality. Instead, it is our representation of reality, and this is the input we base our decisions on. In essence we are limited to the tools nature has given us, and the natural way in which we make decisions is limited by the quality and accuracy of these tools."

--Dan Ariely
Predictably Irrational

Weekly Wisdom Quote

"There are no certainties in this investment world, and where there are no certainties, you should begin by understanding yourself."

--James L. Fraser

A Different Kind of Quote this Week: Kerouac

"The only people for me are the mad ones, the ones who are mad to live, mad to talk, mad to be saved, desirous of everything at the same time, the ones who never yawn or say a commonplace thing, but burn, burn, burn, like fabulous yellow Roman candles exploding like spiders across the stars, and in the middle, you see the blue center-light pop, and everybody goes ahh..."

—Jack Kerouac
On the Road

Weekly Wisdom Quote

"Not risking is the surest way of losing. If you do not risk, risk eventually comes to you. There is simply no way to avoid taking a risk. If a person postpones taking risks, the time eventually comes when he will either be forced to accept a situation that he does not like or take a risk unprepared."

David Viscott, M.D.
Commodity Trader's Alsmanac, 1989

Weekly Wisdom Quote

"Anyone who is unaware of the fool in the market probably is the fool."

J.P. Morgan

Weekly Wisdom Quote

"I learned that there are only two points of view: The other person's and the best one. What I think is of no consequence. Mine must become the best one. Nowhere is this more true than in a zero-sum game."

Trader X

Dancing With Lions

Weekly Wisdom Quote

"Anyone who buys or sells a stock, a bond, or a commodity for profit is speculating if he employs intelligent foresight. If he does not, he is gambling."

Richard D. Wyckoff

Weekly Wisdom Quote

"The difficulty lies, not in the new ideas, but in escaping from the old ones, which ramify, for those brought up as most of us have been, into every corner of our minds."

John Maynard Keynes

Weekly Wisdom Quote

"Nothing in the world can take the place of persistence. Talent will not; nothing is more common than unsuccessful men with talent. Genius will not; unrewarded genius is almost a proverb. Education will not; the world is full of educated derelicts. Persistence and determination alone are omnipotent."

Calvin Coolidge