Speculators Quotes

There are more speculators about New Westminster and Victoria than there were in Winnipeg during the boom and they are a much sharper lot. Nearly every person is more or less interested and you will have to be on your guard against all of them.

Speculation is a hard and trying business, and a speculator must be on the job all the time or he'll soon have no job to be on.

In the 1920s, Wall Street was a world that was really dominated by professional speculators and stock pools. These people had a monopoly over information.

The mathematical expectation of the speculator is zero.

You have a class of investors and you have a class of speculators. The speculators historically haven't been big enough to cause the investors to doubt the long-term vision of stock.

The speculator is not an investor.

... a speculator is one who runs risks of which he is aware and an investor is one who runs risks of which he is unaware.

If a lot of money goes into the stock market, it'll push up prices, making money for stock speculators. Then the insiders can decide that it's time to sell out, and the market will plunge.

End perverse incentives that reward Wall Street speculators.

If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong.

The reality is that the founding fathers were land speculators. The fact was that you couldn't vote in this country if you did not own land, and that was basically you had to be a white man who owned land. Now how did they get that land? They basically had to steal it from someone, and that would be probably the Indians. And so most of the initial founding fathers were, while they may have had some really nice ideas about democracy, they had a lot of issues with people of color. They had a lot of issues with people who held things that they coveted.

Value investors should completely exit a security by the time it reaches full value; owning overvalued securities is the realm of speculators.

[In 1889] the last big tract of Indian land was declared open for settlement, in Oklahoma. The claimants and the speculators mounted their horses and lined up like trotters waiting for a starting gun. The itchy ones jumped the gun and were ever after known as Sooners-and Oklahoma was thereafter called the Sooner State.

If the world market believed that we were serious about energy independence and we were going to utilize all of our own existing resources, the speculators would stop speculating up they start speculating down as we get our own oil out of the ground.

Economists don't usually make good speculators, because they think too much.

After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!

Wake up, America. The insurance companies took over health care. Wake up, America. The pharmaceutical companies took over drug pricing. Wake up, America. The speculators took over Wall Street. Wake up, America. They want to take your Social Security. Wake up, America. Multinational corporations took over our trade policies, factories are closing, good paying jobs lost. Wake up, America. We went into Iraq for oil.

The individual investor should act consistently as an investor and not as a speculator. This means ... that he should be able to justify every purchase he makes and each price he pays by impersonal, objective reasoning that satisfies him that he is getting more than his money's worth for his purchase.

In the discovery of secret things and in the investigation of hidden causes, stronger reasons are obtained from sure experiments and demonstrated arguments than from probable conjectures and the opinions of philosophical speculators of the common sort.

When you look at a commodities market you need hedgers and speculators. If you don't have one, you don't have a market. That's how it works.

In whatever system where the weight attached to the wheel should be the cause of motion of the wheel, without any doubt the center of the gravity of the weight will stop beneath the center of its axle. No instrument devised by human ingenuity, which turns with its wheel, can remedy this effect. Oh, speculators about perpetual motion, how many vain chimeras have you created in the like quest. Go and take you place with the seekers after gold.

O speculators about perpetual motion, how many vain chimeras have you created in the like quest? Go and take your place with the seekers after gold.

Here’s how to know if you have the makeup to be an investor. How would you handle the following situation? Let’s say you own a Procter & Gamble in your portfolio and the stock price goes down by half. Do you like it better? If it falls in half, do you reinvest dividends? Do you take cash out of savings to buy more? If you have the confidence to do that, then you’re an investor. If you don’t, you’re not an investor, you’re a speculator, and you shouldn’t be in the stock market in the first place.

The sober people of America are weary of the fluctuating policy which has directed the public councils. They have seen with regret and indignation that sudden changes and legislative interferences, in cases affecting personal rights, become jobs in the hands of enterprising and influential speculators, and snares to the more-industrious and less informed part of the community. They have seen, too, that one legislative interference is but the first link of a long chain of repetitions, every subsequent interference being naturally produced by the effects of the preceding.

We find two great gangs of political speculators, who alternately take possession of the state power and exploit it by the most corrupt ends -- the nation is powerless against these two great cartels of politicians who are ostensibly its servants, but in reality dominate and plunder it.

Speculation in oil stock companies was another great evil ... From the first, oil men had to contend with wild fluctuations in the price of oil. ... Such fluctuations were the natural element of the speculator, and he came early, buying in quantities and holding in storage tanks for higher prices. If enough oil was held, or if the production fell off, up went the price, only to be knocked down by the throwing of great quantities of stocks on the market.

At the beginning of a novel, a writer needs confidence, but after that what's required is persistence. These traits sound similar. They aren't. Confidence is what politicians, seducers and currency speculators have, but persistence is a quality found in termites. It's the blind drive to keep on working that persists after confidence breaks down.

That became a big time in comic books because it's when people were starting to break out into independent stuff, the market was getting choked with speculators and everybody was trying to do their own trick covers.

Oh! Speculators on things, boast not of knowing the things that nature ordinarily brings about; but rejoice if you know the end of those things which you yourself device.

Blaming speculators as a response to financial crisis goes back at least to the Greeks. It's almost always the wrong response.

Remember this: When you are doing nothing, those speculators who feel they must trade day in and day out, are laying the foundation for your next venture. You will reap benefits from their mistakes.

East of my bean-field, across the road, lived Cato Ingraham, slave of Duncan Ingraham, Esquire, gentleman, of Concord village, whobuilt his slave a house, and gave him permission to live in Walden Woods;MCato, not Uticensis, but Concordiensis. Some say that he was a Guinea Negro. There are a few who remember his little patch among the walnuts, which he let grow up till he should be old and need them; but a younger and whiter speculator got them at last. He too, however, occupies an equally narrow house at present.

Fear and hope remain the same; therefore the study of the psychology of speculators is as valuable as it ever was. Weapons change, but strategy remains strategy, on the New York Stock Exchange as on the battlefield. I think the clearest summing up of the whole thing was  expressed by Thomas F. Woodlock when he declared: “The principles of successful stock speculation are based on the supposition that people will continue in the future to make the mistakes that they have made in the past.”

The country is governed for the richest, for the corporations, the bankers, the land speculators, and for the exploiters of labor.

All a company report and balance sheet can tell you is the past and the present. They cannot tell future.

While no one wishes to incur losses, you couldn't prove it from an examination of the behavior of most investors and speculators. The speculative urge that lies within most of us is strong; the prospect of a free lunch can be compelling, especially when others have already seemingly partaken. It can be hard to concentrate on potential losses while others are greedily reaching for gains and your broker is on the phone offering shares in the latest "hot" initial public offering. Yet the avoidance of loss is the surest way to ensure a profitable outcome.

Frequent comparative ranking can only reinforce a short-term investment perspective. It is understandably difficult to maintain a long-term view when, faced with the penalties for poor short-term performance, the long-term view may well be from the unemployment line ... Relative-performance-oriented investors really act as speculators. Rather than making sensible judgments about the attractiveness of specific stocks and bonds, they try to guess what others are going to do and then do it first.

If you're an investor, you're looking on what the asset is going to do, if you're a speculator, you're commonly focusing on what the price of the object is going to do, and that's not our game.

The reader can test his own psychology by asking himself whether he would consider, in retrospect, the selling at 156 in 1925 and buying back at 109 in 1931 was a satisfactory operation. Some may think that an intelligent investor should have been able to sell out much closer to the high of 381 and to buy back nearer the low of 41. If that is your own view you are probably a speculator at heart and will have trouble keeping to true investment precepts while the market rushes up and down.

By the aristocracy of finance must here be understood not merely the great loan promoters and speculators in public funds, in regard to whom it is immediately obvious that their interests coincide with the interests of the state power. All modern finance, the whole of the banking business, is interwoven in the closest fashion with public credit.

A prudent speculator never argues with the tape. Markets are never wrong, opinions often are.

If a man walks in the woods for love of them half of each day, he is in danger of being regarded as a loafer. But if he spends his days as a speculator, shearing off those woods and making the earth bald before her time, he is deemed an industrious and enterprising citizen.

At times like the present, when the evils of unsound finance threaten us, the speculator may anticipate a harvest gathered from the misfortune of others, the capitalist may protect himself by hoarding or may even find profit in the fluctuations of values; but the wage earner - the first to be injured by a depreciated currency and the last to receive the benefit of its correction - is practically defenseless.

Beautiful credit! The foundation of modern society. Who shall say that this is not the golden age of mutual trust, of unlimited reliance upon human promises? That is a peculiar condition of society which enables a whole nation to instantly recognize point and meaning in the familiar newspaper anecdote, which puts into the mouth of a distinguished speculator in lands and mines this remark: -- I wasn't worth a cent two years ago, and now I owe two millions of dollars.

Clergyman: A ticket speculator outside the gates of Heaven.

on Broadway money rules. Like a host of vultures, the ticket brokers, the speculators, the craft unions, the agents, the backers, the real estate owners move in on the creative body and take their bite. The world of dreams breathes in an iron lung; and without this mechanical pumping it dies.

Speculators are obsessed with predicting: guessing the direction of stock prices. Every morning on cable television, every afternoon on the stock market report, every weekend in Barron's, every week in dozens of market newsletters, and whenever business people get together. In reality, no one knows what the market will do; trying to predict it is a waste of time, and investing based upon that prediction is a purely speculative undertaking.

Speculators get a bad rap. In the popular imagination they're greedy, heedless, and amoral, adept at price manipulations and dirty tricks. In reality, they often play a key role in making markets run smoothly.

The Heisenberg principle - If something is closely observed, the odds are it is going to be altered in the process. The more a price pattern is observed by speculators the more prone you have false signals; the more the market is a product of nonspeculative activity, the greater the significance of technical breakout

Speculators may do no harm as bubbles on a steady stream of enterprise. But the position is serious when enterprise becomes a bubble on a whirlpool of speculation. When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill done.