Some of My Favorite Quotes
In no particular order here are a bunch of quotes that I have been putting in my Facebook profile. They come from all over the place and in most cases are attributed to person who said it first.
“An unarmed man can only flee from evil, and evil is not overcome by fleeing from it.”
-Colonel Jeff Cooper
All men dream: but not equally. Those who dream by night in the dusty recesses of their minds wake in the day to find that it was vanity: but the dreamers of the day are dangerous men, for they may act their dreams with open eyes, to make it possible.
-T.E. Lawrence
“‘The good part is that no matter whether our clients make money or lose money Duke & Duke get the commissions.’
‘Well, what do you think, Valentine?’
‘Sounds to me like you guys are a couple of bookies.’”
-Trading Places (1983 movie about the commodities market)
“The one thing every trader fears more than death itself is another crash like the one in ‘29. They say it could never happen again because of all the safe guards that have been set up… but in our heart of hearts no trader believes it.”
-Martin Schwartz, 1998 “Pit Bull: Lessons from Wall Street’s Champion Trader”
“Don’t make the mistake of assuming that you and I share any of the same value systems”
-Lightfighter
“who cares if the cVAR 97.5 sig level is 50 bips higher than the long term 50 day average when bench marked against the number of times the words “that’s for sure” are heard on cnn news?
-FinTag
“Fire and brimstone coming down from the skies! Rivers and seas boiling! Forty years of darkness! Earthquakes, volcanoes.The dead rising from the grave! Human sacrifice, dogs and cats living together… mass hysteria!”
-Ghostbusters
“I think the secret is cutting down the number of trades you make. The best trades are the ones in which you have all three things going for you: Fundamentals, Technicals, and Market Tone. If you can restrict your activity to only those types of trades, you have to make money, in any market, under any circumstances.”
-Michael Marcus
“Historically, the claim of consensus has been the first refuge of scoundrels; it is a way to avoid debate by claiming that the matter is already settled. Whenever you hear the consensus of scientists agrees on something or other, reach for your wallet, because you’re being had.
Let’s be clear: the work of science has nothing whatever to do with consensus. Consensus is the business of politics. Science, on the contrary, requires only one investigator who happens to be right, which means that he or she has results that are verifiable by reference to the real world. In science consensus is irrelevant. What is relevant is reproducible results. The greatest scientists in history are great precisely because they broke with the consensus.”
-Michael Crichton on Global Warming
I don’t consider myself a home-run hitter. But when I’m seeing the ball and hitting it hard, it will go out of the park.
-Ken Griffey Jr.
Insanity in individuals is something rare – but in groups, parties, nations and epochs, it is the rule.
-Friedrich Nietzsche
Beware of the man who works hard to learn something, learns it, and finds himself no wiser than before. He is full of murderous resentment of people who are ignorant without having come by their ignorance the hard way.
-Kurt Vonnegut
There are four ways in which you can spend money. You can spend your own money on yourself. When you do that, why then you really watch out what you’re doing, and you try to get the most for your money. Then you can spend your own money on somebody else. For example, I buy a birthday present for someone. Well, then I’m not so careful about the content of the present, but I’m very careful about the cost. Then, I can spend somebody else’s money on myself. And if I spend somebody else’s money on myself, then I’m sure going to have a good lunch! Finally, I can spend somebody else’s money on somebody else. And if I spend somebody else’s money on somebody else, I’m not concerned about how much it is, and I’m not concerned about what I get. And that’s government. And that’s close to 40% of our national income.
-Milton Friedman
People who decry the fact that businesses are in business “just to make money” seldom understand the implications of what they are saying. You make money by doing what other people want, not what you want.
-Thomas Sowell
When buying and selling are controlled by legislation, the first things to be bought and sold are legislators.
-P.J. O’Rourke
Even if you’re on the right track, you’ll get run over if you just sit there.
-Will Rogers
Any word you have to hunt for in a thesaurus is the wrong word. There are no exceptions to this rule.
-Mike Shea
The upshot is that the points where defensive or aggressive investment positions are most effective are also typically the points where one will, at least briefly, look like an idiot for taking them.
-John Hussman
The job of a Russian man is to plant:
His house in the ground (sic).
His seed in a woman.
His neighbour in jail.
-From Ruminations on Russia
A loss never bothers me after I take it. I forget it overnight. But being wrong, not taking the loss, that is what does damage to the pocketbook and the soul.
-Jesse Livermore
The Greatest Happiness is to scatter your enemy and drive him before you. To see his cities reduced to ashes. To see those who love him shrouded and in tears. And to gather to your bosom his wives and daughters.
-Genghis Khan
No matter how good our kung-fu is, it will never defeat guns.
-Iron Robe Yim
Government is not reason; it is not eloquent; it is force. Like fire, it is a dangerous servant and a fearful master.
-George Washington
“The only people for me are the mad ones, the ones who are mad to live, mad to talk, mad to be saved, desirous of everything at the same time, the ones who never yawn or say a commonplace thing, but burn, burn, burn, like fabulous yellow Roman candles exploding like spiders across the stars, and in the middle, you see the blue center-light pop, and everybody goes ahh…”
-Jack Kerouac, from On the Road
“I’m a hustler baby I just want you to know it ain’t where I’ve been but where I’m about to go.”
-Jay-Z
“Those who have knowledge, don’t predict. Those who predict, don’t have knowledge.”
- Lau-Tzu
“The best traders aren’t those who can take risk, but those who know how to mitigate it.”
- Jonathan Hoenig
You know, the usual: supreme power, undue influence over others, world domination.
-David Harding of Winton Capital Management when asked about what drives him in Traderdaily
“What do you do when your competitor is drowning? Get a live hose – and stick it in his mouth.”
-Doug Ivester
Don’t you realize? The next time you see sky, it’ll be over another town. The next time you take a test, it’ll be in some other school. Our parents, they want the best of stuff for us. But right now, they got to do what’s right for them. Because it’s their time. Their time! Up there! Down here, it’s our time. It’s our time down here. That’s all over the second we ride up Troy’s bucket.
- Mikey from Goonies
LGOP: a small group of “pissed-off American paratroopers” who are well trained, armed to the teeth, and lack serious supervision. They collectively remember the commander’s intent as, “March to the sound of guns, and kill anyone who isn’t dressed like you …”
Happy Life,
David Taggart