Wall Street

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