Many traders ride an emotional roller coaster and miss the essential element of winning: the management of their emotions.
- Alexander Elder - Topics: Trader.
Not to own any gold is to trust central bankers and that you don't want to do in your life.
- Marc Faber - Topics: Monetary Policy, Gold, Central Bank.
The State is the great fiction through which everyone endeavours to live at the expense of everyone else.
- Frédéric Bastiat - Topics: Government.
Paper money eventually returns to its intrinsic value: zero.
- Voltaire - Topics: Inflation, Fiat Currency.
There's no shame in losing money on a stock. Everybody does it. What is shameful is to hold on to a stock, or worse, to buy more of it when the fundamentals are deteriorating.
- Peter Lynch - Topics: Investing, Money Management, Stock Market.
The hardest thing in the world to understand is income tax.
- Albert Einstein - Topics: Tax, Government.
One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute.
- William Feather - Topics: Investing, Stock Market.
I don't believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can't take them violently out of the hands of government, all we can do is by some sly roundabout way introduce something that they can't stop.
- Friedrich A. Hayek - Topics: Government, Cryptocurrency, Central Bank, Banking System.
Succesful institutional traders often talk of quitting and going to trade for themselves. Only a handful of them manage to make the transition. Most traders who leave institutions get caught up in the emotions of fear, greed, elation, and panic when they start risking their own money.
- Alexander Elder - Topics: Trader, Stock Market.
Some experts have declared that it is necessary to tax the people until it hurts. I disagree with these sadists.
- Ludwig von Mises - Topics: Tax.
The issue is always the same: the government or the market. There is no third solution.
- Ludwig von Mises - Topics: Government.
There is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen. Yet this difference is tremendous; for it almost always happens that when the immediate consequence is favorable, the later consequences are disastrous, and vice versa. Whence it follows that the bad economist pursues a small present good that will be followed by a great evil to come, while the good economist pursues a great good to come, at the risk of a small present evil.
- Frédéric Bastiat - Topics: Economist.
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