Wall Street people learn nothing and forget everything.
Most of the time common stocks are subject to irrational and excessive price fluctuations in both directions as the consequence of the ingrained tendency of most people to speculate or gamble... to give way to hope, fear and greed.
People who invest make money for themselves; people who speculate make money for their brokers. And that, in turn, is why Wall Street perennially downplays the durable virtues of investing and hypes the gaudy appeal of speculation.
there is a tendency in part of Wall Street people to pay excessive attention to the most recent figures and the present financial picture.
If I have noticed anything over these 60 years on Wall Street, it is that people do not succeed in forecasting what`s going to happen to the stock market.
The people of the United States will not tolerate another deep depression that arises not from any lack of natural resources, productive capacity or man and brain power, but solely from imperfections in the functioning of the system of finance capitalism.
Buy when most people, including experts, are pessimistic, and sell when they are actively optimistic,
Thousands of people have tried, and the evidence is clear: The more you trade, the less you keep.
To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks.