Trading Wisdom

"I think to be in the upper echelon of successful traders requires an innate skill, a gift. It`s just like being a great violinist. But to be a competent trader and make money is a skill you can learn". - Michael Marcus, Trader

"Successful investing is anticipating the anticipations of others." - John Maynard Keynes

"No profession requires more hard work, intelligence, patience, and mental discipline than successful speculation." - Robert Rhea

"Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell. If you want to have a better performance than the crowd, you must do things differently from the crowd." - Sir John Templeton

“Wall Street people learn nothing and forget everything.”

“In the short run, the market is a voting machine, but in the long run it is a weighing machine.”
– Benjamin Graham.

There is only one side of the market and it is not the bull side or the bear side, but the right side Jesse Livermore (1877 – 1940)

“Losers average losers” Paul Tudor Jones

If you want to have a better performance than the crowd, you must do things differently from the crowd.
John Templeton

The four most dangerous words in investing are 'This time it's different'. John Templeton

Time is your friend; impulse is your enemy. Jack Bogle

The market can move for irrational reasons, and you have to be prepared for that...you need to
make big bets when the odds are in your favour..not big enough to ruin you, but big enough to
make a difference.
Bill Gross (1944-)

Emerging markets possess a greater upside in the long term because of their strong economic
growth.
Dr Joseph Mark Mobius (1936-)

Don't panic. Panic…is an irrational visceral response to a sense of powerlessness and
helplessness, which often comes from a lack of understanding of the actual circumstances.
Dr Joseph Mark Mobius (1936-)

Prepare for bad times and you will only know good times.
Robert Kiyosaki (1947-)

So simple in concept. So difficult in execution.
Sir John Templeton (1912-2008)