Monday, August 14, 2023

Economic Quotes to live by

The Greatest Investment Quotes [That Everyone Should Know]

[Of Dollars and Data, via The Big Picture 8-8-2023]


From guiding principles to words of caution, the timeless wisdom found in them reflects centuries of experience from the greatest investors across space and time….

“Men, it has been well said, think in herds. It will be seen that they go mad in herds, while they only recover their senses slowly, and one by one.”

-Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds

“Fear incites human action far more urgently than does the impressive weight of historical evidence.”

-Jeremy Siegel, Stocks for the Long Run (3rd Edition)

“Your personal experiences with money make up maybe 0.00000001% of what’s happened in the world, but maybe 80% of how you think the world works.”

-Morgan Housel, The Psychology of Money

“There seems to be an unwritten rule on Wall Street: If you don’t understand it, then put your life savings into it.”

-Peter Lynch, One Up on Wall Street

“Buying at the bottom and selling at the top are typically done by liars.”

-Bernard Baruch

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