Sunday, April 25, 2010 – Wall Street
Children and dogs are as necessary to the welfare of the country as Wall Street and the railroads. ~ Harry S Truman
After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. ~ Jesse Livermore
Let Wall Street have a nightmare and the whole country has to help get them back in bed again. ~ Will Rogers
The American father is never seen in London. He passes his life entirely in Wall Street and communicates with his family once a month by means of a telegram in cipher. ~ Oscar Wilde
Wall Street indices predicted nine out of the last five recessions! ~ Paul A. Samuelson
The terrible, cold, cruel part is Wall Street. Rivers of gold flow there from all over the earth, and death comes with it. There, as nowhere else, you feel a total absence of the spirit: herds of men who cannot count past three, herds more who cannot get past six, scorn for pure science and demoniacal respect for the present. And the terrible thing is that the crowd that fills the street believes that the world will always be the same and that it is their duty to keep that huge machine running, day and night, forever. This is what comes of a Protestant morality, that I, as a (thank God) typical Spaniard, found unnerving. ~ Federico Garcia Lorca
I do not regard a broker as a member of the human race. ~ Honore De Balzac
The only point in making money is, you can tell some big shot where to go. ~ Humphrey Bogart
WALL STREET, n. A symbol for sin for every devil to rebuke. That Wall Street is a den of thieves is a belief that serves every unsuccessful thief in place of a hope in Heaven. Even the great and good Andrew Carnegie has made his profession of faith in the matter. ~ Ambrose Bierce
Wall Street people learn nothing and forget everything. ~ Benjamin Graham
Honor sinks where commerce long prevails. ~ Oliver Goldsmith
The nature of any human being, certainly anyone on Wall Street, is “the better deal you give the customer, the worse deal it is for you.” ~ Bernard Madoff
Business, that’s easily defined; it’s other people’s money. ~ Alexandre Dumas
For the merchant, even honesty is a financial speculation. ~ Charles Baudelaire
Speculation is only a word covering the making of money out of the manipulation of prices, instead of supplying goods and services. ~ Henry Ford
They have seized upon the government by bribery and corruption. They have made speculation and public robbery a science. They have loaded the nation, the state, the county, and the city with debt. ~ Denis Kearney
A speculator is a man who observes the future, and acts before it occurs. ~ Bernard M. Baruch
Successful investing is anticipating the anticipations of others. ~ John Maynard Keynes
When speculation has done its worst, two and two still make four. ~ Samuel Johnson
What is faith but a kind of betting or speculation after all? It should be, “I bet that my Redeemer liveth.” ~ Samuel Butler
Sometimes your best investments are the ones you don’t make. ~ Donald Trump
The four most dangerous words in investing are “This time it’s different.” ~ Sir John Templeton
I am indeed rich, since my income is superior to my expense, and my expense is equal to my wishes. ~ Edward Gibbon
A man who has a million dollars is as well off as if he were rich. ~ John Jacob Astor
Ask five economists and you’ll get five different answers (six if one went to Harvard). ~ Edgar R. Fiedler
He who lives by the crystal ball soon learns to eat ground glass. ~ Edgar R. Fiedler
The herd instinct among forecasters makes sheep look like independent thinkers. ~ Edgar R. Fiedler
If you have to forecast, forecast often. ~ Edgar R. Fiedler
Don’t gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don’t go up, don’t buy it. ~ Will Rogers
The entire essence of America is the hope to first make money – then make money with money – then make lots of money with lots of money. ~ Paul Erdman
In its famous paradox, the equation of money and excrement, psychoanalysis becomes the first science to state what common sense and the poets have long known – that the essence of money is in its absolute worthlessness. ~ Norman O. Brown
Money, the root of all evil… but the cure for all sadness. ~ Mike Gill
Why is there so much month left at the end of the money? ~ John Barrymore
Finance is the art of passing currency from hand to hand until it finally disappears. ~ Robert W. Sarnoff
The dynamics of capitalism is postponement of enjoyment to the constantly postponed future. ~ Norman O. Brown
Money is something you got to make in case you don’t die. ~ Max Asnas
There are two times in a man’s life when he should not speculate: when he can’t afford it, and when he can. ~ Mark Twain
Just Above Sunset 