CONTAGION

“That is, if an idea attracts a few people, it is likely to spread and soon attract numbers of crowds, or everybody. ”

G. Le Bon: The Crowd

INVESTING

“If you don’t bet you can’t win. If you loose all your chips you cant bet.”

Larry Hite

INVESTING

“Concept number one is variant perception. I try to develop perceptions that I believe are at variance with the general market view. I will play those variant perceptions until I feel they are no longer so.”

Michael Steinhardt

INVESTING

“Perhaps the most important rule is to hold on to your winners and cut your losers. Both are equally important. If you don’t stay with your winners, you are not going be able to pay for your losers. “

Michael Marcus

MISTAKES

“You have to be able to make mistakes regularly; there is nothing wrong with it.”

Bruce Kovner

MISTAKES

“It takes a man a long time to learn all the lessons of all his mistakes. They say there are two sides to everything. But there is only one side to the stock market; and it is not the bull side or the bear side, but the right side. “

Jesse Livermore: Reminiscences of a stock operator

INVESTING

“You don’t have to invest like an institution. If you invest like an institution, you are doomed to perform like on, which in many cases isn’t very well. Nor you have to force yourself to think like an amateur if you already are on. If you are a surfer, a trucker, a high school dropout, or an eccentric retiree, then you have got an edge already. That’s where the ten baggers are from, beyond the boundaries of accepted Wall Street cogitation. “

Peter Lynch: One up on Wall Street

CONTAGION

“Crowds do not stop to think, as we have noted. The power of suggestion is what motivates their actions”.

G. Le Bon: The Crowd

INVESTING

The reason I have been so consistent is that I am a great listener. I probably talk to about 25 traders each day. Most traders do not listen to your opinion; they only want to tell you their opinion. I am different because I honestly and truly listen to what they say and how they say it.

Brian Gelber

INVESTING

“You have to minimize your losses and try to preserve capital  for those few instances when you can make a lot in a very short period of time.”

Richard Dennis

INVESTING

“Remember that stocks are never to high for you to begin buying or  too low to begin selling. But after the initial transaction do not make a second unless the first show you a profit. Wait and watch.

Jesse Livermore: Reminiscences of a stock operator