With the stock market plummeting this past week in the US and Europe, it's time to hear about it from more profound speakers on the topic:
"Americans are in a cycle of fear which leads to people not wanting to spend and not wanting to make investments, and that leads to more fear. We'll break out of it. It takes time. "
Warren Buffett
“The financial markets generally are unpredictable. So that one has to have different scenarios... The idea that you can actually predict what's going to happen contradicts my way of looking at the market.”
George Soros
"October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February."
Mark Twain
"The time of maximum pessimism is the best time to buy and the time of maximum optimism is the best time to sell."
John Templeton
"The four most dangerous words in investing are "This time it's different"."
John Templeton
"Put not your trust in money, but put your money in trust."
Oliver Wendell Holmes
"Money is like manure. You have to spread it around or it smells."
J. Paul Getty
"Investors have very short memories."
Roman Abramovich
"Experience taught me a few things. One is to listen to your gut, no matter how good something sounds on paper. The second is that you're generally better off sticking with what you know. And the third is that sometimes your best investments are the ones you don't make."
Donald Trump
"I am opposed to millionaires, but it would be dangerous to offer me the position."
Mark Twain
"Money can't buy you happiness but it does bring you a more pleasant form of misery."
Spike Milligan
"Money couldn't buy friends, but you got a better class of enemy."
Spike Milligan
And finally....
"Diversify your investments."
John Templeton
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