History

In the stock market those who expect history to repeat itself exactly are doomed to failure.— Yale Hirsch

Hates

The fewer analysts who follow a situation, the more pregnant its possibilities…if Wall Street hates a stock, buy it. — Martin T. Sosnoff

General Conditions

Disregarding the big swing and trying to jump in and out was fatal to me. Nobody can catch all the fluctuations. In a bull market your game is to buy and hold until you believe that the bull market is near its end. To do this you must study general conditions and not tips or special factors affecting individual stocks. Then get out of all your stocks; get out for keeps! Wait until you see—or if you prefer, until you think you see—the turn of the market; the beginning of a reversal of general conditions. You have to use your brains and your vision to do this; otherwise my advice would be as idiotic as to tell you to buy cheap and sell dear. One of the most helpful things that anybody can learn is to give up trying to catch the last eighth—or the first. These two are the most expensive eighths in the world. They have cost stock traders, in the aggregate, enough millions of dollars to build a concrete highway across the continent.----.----REMINISCENCES OF A STOCK OPERATOR by Edwin LeFevre

Time To Sell

Every time everyone’s talking about something, that’s the time to sell. — George Lindemann(Billionaire, Forbes)

Thinks

The dissenter (or “contrary investor”) is every human at those moments of his life when he resigns momentarily from the herd and thinks for himself. — Archibald MacLeish (American poet, writer and political activist, 1892-1982)

Luck

I’m a great believer in luck, and I find the harder I work the more I have of it. — Thomas Jefferson

Edge

Investors operate with limited funds and limited intelligence, they don’t need to know everything. As long as they understand something better than others, they have an edge. — George Soros (Financier, philanthropist, political activist, author and philosopher, b. 1930)

Greed-Fear

Securities pricing is, in every sense, a psychological phenomenon that arises from the interaction of human beings with fear. Why not greed and fear as the equation is usually stated? Because greed is simply fear of not having enough.— John Bollinger (Bollinger Capital Management, created Bollinger Bands, Capital Growth Letter, Bollinger on Bollinger Bands)

Fearful-Greedy

You try to be greedy when others are fearful, and fearful when others are greedy. --Warren Buffett

Bends

Observe that the blade of glass that resists the lawn mower gets cut down, while the blade that bends remains uncut -- Paul Todor Jones

Trend

In an uptrend, if a higher high is made but fails to carry through, and prices dip below the previous high, the trend is apt to reverse. The converse is true for downtrends.— Victor Sperandeo(Trader Vic — Methods of a Wall Street Master)