The Best Tips about the Stock Market from Great Financial Minds
The stock market is a subject that everyone has an opinion about.
In the forward to my first book, Trading: The Best of the Best - Top Trading Tips for our Times, I wrote;
There is a temptation to discount tips as not providing real value because by their nature they are short and simple. That type of thinking is a mistake. A good tip is not an end; it is the means to an end. It is the spark that makes you think in more depth about a specific aspect of trading.
Below are some of the best "tips" about investing in the stock market from some of the greatest financial minds in history.
When you read them, see if they spark a deeper reflection on the market that can help you in your investing.
“The way to make money is to buy when blood is running in the streets.” -John D. Rockefeller
“Don’t look for the needle in the haystack. Just buy the haystack!” - Jack Bogle, Vanguard founder
"Bottoms in the investment world don't end with four-year lows; they end with 10- or 15-year lows." - Jim Rogers
"90 % of the people in the stock market, professionals and amateurs alike, simply haven’t done enough homework,” -William J.O’Neil
"The stock market is filled with individuals who know the price of everything, but the value of nothing." - Phillip Fisher
“I have probably purchased fifty ‘hot tips’ in my career, maybe even more. When I put them all together, I know I am a net loser.” -Charles Schwab
"How many millionaires do you know who have become wealthy by investing in savings accounts?
I rest my case." - Robert G. Allen
"It's not how right or how wrong you are that matters but how much $ you make when right and how much you do not lose when wrong" - George Soros
"In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten" - Peter Lynch
"Don't confuse brains with a bull market" - Humphrey B.
"Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria" - Sir John Templeton
"I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years." -Warren Buffett
"Every portfolio benefits from bonds; they provide a cushion when the stock market hits a rough patch. But avoiding stocks completely could mean your investment won't grow any faster than the rate of inflation." -Suze Orman
"Stock market corrections, although painful at the time, are actually a very healthy part of the whole mechanism, because there are always speculative excesses that develop, particularly during the long bull market." -Ron Chernow
“There are two kinds of investors, be they large or small: those who don’t know where the market is headed, and those who don’t know that they don’t know. Then again, there is a third type of investor -the investment professional, who indeed knows that he or she doesn’t know, but whose livelihood depends upon appearing to know.” – William Bernstein
"Everyone has the brainpower to follow the stock market. If you made it through fifth-grade math, you can do it." -Peter Lynch
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