1. “I made my first investment at age eleven. I was wasting my life up until then.”

— Warren Buffett

Also Featured in: Business Quotes, Interesting Quotes, Wealth Quotes, Opportunity Quotes

2. “I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.”

— Warren Buffett

Also Featured in: Business Quotes, Wealth Quotes, Quotes About Money, Quotes About Trying

3. “Mr. Market is kind of a drunken psycho. Some days he gets very enthused, some days he gets very depressed. And when he gets really enthused, you sell to him, and when he gets depressed, you buy from him. There’s no moral taint attached to that.”

— Warren Buffett

Also Featured in: Making Money Quotes, Clever Quotes, Investing Quotes

4. “Equities will do well over time – you just have to avoid getting excited when other people are getting excited.”

— Warren Buffett

Also Featured in: Quotes About Money

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

— Jesse Lauriston Livermore

Also Featured in: Making Money Quotes, Investing Quotes, Momentum Quotes

6. “It is foolhardy to make a second trade, if your first trade shows you a loss. Never average losses. Let this thought be written indelibly upon your mind.”

— Jesse Lauriston Livermore

Also Featured in: Strategy Quotes, Wealth Quotes, Loss Quotes, Investing Quotes

7. “Experience has proved to me that real money made in speculating has been in commitments in a stock or commodity showing a profit right from the start.”

— Jesse Lauriston Livermore

Also Featured in: Quotes About Money

8. “At long as a stock is acting right, and the market is right, do not be in a hurry to take profits. One should never permit speculative ventures to run into investments.”

— Jesse Lauriston Livermore

Also Featured in: Financial Success Quotes

9. “Nobody can predict interest rates, the future direction of the economy or the stock market. Dismiss all such forecasts and concentrate on what’s actually happening to the companies in which you’ve invested.”

— Peter Lynch

Also Featured in: Financial Success Quotes, Investing Quotes

10. “I take the market-efficiency hypothesis to be the simple statement that security prices fully reflect all available information.”

— Eugene Fama

Also Featured in: Efficiency Quotes, Investing Quotes

11. “When stocks are attractive, you buy them. Sure, they can go lower. I’ve bought stocks at $12 that went to $2, but then they later went to $30. You just don’t know when you can find the bottom.”

— Peter Lynch

Also Featured in: Financial Success Quotes

12. “When I’m bearish and I sell a stock, each sale must be at a lower level than the previous sale. When I am buying, the reverse is true. I must buy on a rising scale. I don’t buy long stocks on a scale down, I buy on a scale up.”

— Jesse Lauriston Livermore

Also Featured in: Financial Success Quotes

13. “Risk comes from not knowing what you’re doing.”

— Warren Buffett

Also Featured in: Business Quotes, Education Quotes, Interesting Quotes, Wealth Quotes

14. “Be fearful when others are greedy and greedy when others are fearful.”

— Warren Buffett

Also Featured in: Business Quotes, Wealth Quotes, Financial Success Quotes, Quotes About Money

15. “Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1.”

— Warren Buffett

Also Featured in: Business Quotes, Financial Success Quotes, Quotes About Money, Loss Quotes

16. “Wall Street is the only place that people drive to in a Rolls Royce to take advice from people who ride the subway.”

— Warren Buffett

Also Featured in: Business Quotes, Prosperity Quotes, Quotes About Money, Sarcastic Quotes

17. “The big money is not in the buying and selling, but in the waiting.”

— Charlie Munger

Also Featured in: Quotes About Money, Making Money Quotes, Investing Quotes

18. “Always invest for the long term.”

— Warren Buffett

Also Featured in: Wealth Quotes, Financial Success Quotes, Quotes About Money, Making Money Quotes

19. “Our goal is to find an outstanding business at a sensible price, not a mediocre business at a bargain price.”

— Warren Buffett

Also Featured in: Business Quotes, Goal Quotes, Wealth Quotes, Financial Success Quotes

20. “Successful Investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time: You can’t produce a baby in one month by getting nine women pregnant.”

— Warren Buffett

Also Featured in: Discipline Quotes, Patience Quotes, Wealth Quotes, Quotes About Money

21. “I never try to predict the market.”

— Warren Buffett

Also Featured in: Quotes About Money

22. “Investment philosophy is the clear understanding that by owning shares of stocks, one owns businesses, not pieces of paper.”

— Warren Buffett

Also Featured in: Business Quotes, Wealth Quotes, Making Money Quotes, Philosophy Quotes

23. “The stock market is never obvious. It is designed to fool most of the people, most of the time.”

— Jesse Lauriston Livermore

24. “The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor.”

— Jesse Lauriston Livermore

Also Featured in: Making Money Quotes

25. “My favorite holding period is forever.”

— Warren Buffett

Also Featured in: Business Quotes, Wealth Quotes, Smart Quotes

26. “Instead of hoping he must fear and instead of fearing he must hope. He must fear that his loss may develop into a much bigger loss, and hope that his profit may become a big profit.”

— Jesse Lauriston Livermore

27. “Never buy at the bottom, and always sell too soon.”

— Jesse Lauriston Livermore

Also Featured in: Making Money Quotes

28. “Trying to trade during a losing streak is emotionally devastating. Trying to play ‘catch up’ is lethal.”

— Ed Seykota

Also Featured in: Loss Quotes

29. “Just because you buy a stock and it goes up does not mean you are right. Just because you buy a stock and it goes down does not mean you are wrong.”

— Peter Lynch

30. “The goal of a successful trader is to make the best trades. Money is secondary.”

— Alexander Elder

31. “The market always does what it should do, but not always when.”

— Jesse Lauriston Livermore

32. “The trend is your friend except at the end where it bends.”

— Ed Seykota

Also Featured in: Momentum Quotes

33. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.”

— Jesse Lauriston Livermore

34. “The essence of investment management is the management of risks, not the management of returns.”

— Benjamin Graham

Also Featured in: Risk-Taking Quotes

35. “The market does not know you exist. You can do nothing to influence it. You can only control your behavior.”

— Alexander Elder

36. “The majority of short term trading results are just random. In the long term the money ends up with those that can trade and manage risk.”

— Steve Burns

Also Featured in: Risk-Taking Quotes

37. “Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money.”

— Ed Seykota

Also Featured in: Loss Quotes

38. “The desire for constant action irrespective of underlying conditions is responsible for many losses on Wall Street even among the professionals, who feel that they must take home some money every day, as though they were working for regular wages.”

— Jesse Lauriston Livermore

39. “A losing trader can do little to transform himself into a winning trader. A losing trader is not going to want to transform himself. That’s the kind of thing winning traders do.”

— Ed Seykota

40. “We enjoy the process far more than the proceeds.”

— Warren Buffett

41. “There is the plain fool who does the wrong thing at all times anywhere, but there is the Wall Street fool who thinks he must trade all the time.”

— Jesse Lauriston Livermore

42. “The average man doesn’t wish to be told that it is a bull or a bear market. What he desires is to be told specifically which particular stock to buy or sell. He wants to get something for nothing. He does not wish to work. He doesn’t even wish to have to think.”

— Jesse Lauriston Livermore

43. “There are times when you should be completely out of the market, for emotional as well as economic reasons.”

— Jesse Lauriston Livermore

44. “Heads I win, tails I don’t lose much.”

— Mohnish Pabrai

45. “Traders lose because the game is hard, or out of ignorance, or lack of discipline or because of both.”

— Alexander Elder

Also Featured in: Loss Quotes

46. “The best traders are simply slaves to the market’s price action.”

— Steve Burns

47. “Losers bring money into the market which is necessary for the prosperity of the trading industry.”

— Alexander Elder

48. “Professional traders have always had some system or other based upon their experience and governed either by their attitude towards speculation or by their desires.”

— Jesse Lauriston Livermore

49. “The ones who make it, are the ones who manage risk.”

— Steve Burns

50. “Trading gives you an incredibly intense feeling of what life is all about.”

— Paul Tudor Jones