"One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute" William Feather
Warren Edward Buffett is an American business magnate, investor and philanthropist. He is the most successful investor in the world. Buffett is consistently ranked among the world's wealthiest people. Below are some of his most famous quotes:
"Someone is sitting in the shade today because someone planted a tree a long time ago"
"It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently"
"Risk comes from not knowing what you're doing"
Jesse Lauriston Livermore also known as the Boy Plunger and the Great Bear of Wall Street, was an American Stock Trader He was famed for making and losing several multimillion-dollar fortunes and short selling during the stock market crashes in 1907 and 1929. Below are some of his most famous quotes:
"There is only one side of the market and it is not the bull side or the bear side, but the right side"
"It isn't as important to buy as cheap as possible as it is to buy at the right time"
"A loss never bothers me after I take it. I forget it overnight. But being wrong - not taking the loss - that is what does damage to the pocketbook and to the soul"
George Soros is a Hungarian-American business magnate, investor, philanthropist, and author. He is chairman of Soros Fund Management one of the most successful firms in the history of the hedge fund industry. Below are some of his most famous quotes:
"The worse a situation becomes the less it takes to turn it around, the bigger the upside"
"Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception"
"The reality is that financial markets are self-destabilizing; occasionally they tend toward disequilibrium, not equilibrium"
James Rogers, Jr. is the Chairman of Rogers Holdings. He co-founded the Quantum Fund along with George Soros in the early 1970s, which gained a staggering 4200% over 10 years. Rogers is renowned for his correct bullish call on commodities in the 1990's and also for his books detailing his adventurous world travels. Below are some of his most famous quotes:
"Commodities tend to zig when the equity markets zag"
"The price of a commodity will never go to zero. When you invest in commodities futures, you're not buying a piece of paper that says you own an intangible piece of company that can go bankrupt"
"Get inside information from the president and you will probably lose half your money. If you get it from the chairman of the board, you will lose all of your money"
Steven Cohen founded SAC Capital Advisors, a leading hedge fund focused primarily on trading equities. In 2013, SAC was charged by the Securities and Exchange Commission with failing to prevent insider trading and later agreed to pay a $1.2 billion fine.
Below are some of his most famous quotes:
"The way I understand the rules on trading on inside information, it's very vague"
"I always tell my traders that they would've loved the 1990s because it was a fairly easy time to make money"
"Tape reading is a lost art that today is not very useful"