Profound-ditty, is an area to offer favorite quotes. They could be humorous, wise, or ironic sayings from well known people in the investment world or otherwise, or even otherwise unknown. Add your own to the comments link below.
Profound Wisdom (in your opinion or ours!)
Buy stocks that go up; if they don’t go up, don’t buy them” (Will Rogers)
“A hammer can be used to hammer a nail, not a staple: a moving average technique can be used effectively to trade trending markets, not trading markets.” William F. Eng
“Warren Buffett likes to say that the number one rule of making money is not to lose money and the second rule is to remember the first rule. We would add a further thought: In investing and in handling money generally, the key is not to do anything genuinely brilliant and to avoid doing something really stupid.”
Kami -(a free thinker)- ” Being a ‘pleaser’ is not humility. Being a ‘follower’ doesn’t mean you cannot lead. Being an ‘online trader’ doesn’t mean you have to lose more than you gain. Learn- lead out- control your trading.”
Ben Stein & Phil DeMuth – “Yes, You Can Time the Market”
Carol Robertson-(unpublished author), “If something is important to you, treat it like you may be losing it. This applies especially to relationships, health, and….whatever you invest in.”
”Always bet less than 5 percent of your money on any one idea.” Michael Marcus
“A stockbroker is someone who invests your money until it is all gone.” Woody Allen
“Selling your winners and holding losers is like cutting your flowers and watering your weeds.” Peter Lynch
“You have to sit back quietly and let the bird walk in front of you before you shoot.” James Crabbe, founder, Crabbe Hudson Mutual Funds
“No one would ever have crossed the ocean if he could have gotten off the ship in the storm.” Charles F. Kettering
“I am easily satisfied with the very best.” Winston Churchill
“Nothing worthwhile ever happens quickly and easily. You achieve only as you are determined to achieve… and as you keep at it until you have achieved.” Robert H. Lauer“What is important is to keep learning, to enjoy challenge, and tolerate ambiguity. In the end there are no certain answers.” Marina Horner
“Successful investing need not take a lot of effort nor a lot of expertise. It just takes commitment and perseverance. Ultimately, you need only to trust yourself. Develop your own strategies and your own system for playing the market. In the end, there is one fact with which all the experts must agree: Over time, the market always moves up.” Gene Walden
”You must be willing to make mistakes regularly. This means making your best judgment on an issue, being wrong, making your next best judgment, being wrong, making your third best judgment, and then doubling your money.” Bruce Kovner
Pres. Jimmy Carter quoted Mohandas K Gandhi as he listed the seven deadly sins:
Wealth without work; Pleasure without conscience; Knowledge without character; Commerce without morality; Science without humanity; Worship without sacrifice; Politics without principle.
And we at Pro-fundity add this: Trading without learning and understanding and practicing is nothing more than gambling. Understand charting and tools of choice and protection will bring more wins than the inevitable losses. It is a discipline you will find profitable!