Biography
"The world is not the way they tell you it is."
"It is amazing how stupid one can be in graduate school, because while I was puzzling through L1(Y) = Y/V = M1, the income velocity of money, I missed all the fun."
"In fact, a crowd of men acts like a single woman."
"All you need is a hell of an aperceptive mass, an IQ of 150, and a dollop of ESP, and you can ignore the headlines, because you anticipated them months ago."
"In Freud's crowd, the individuals fasten on an object, substitute it for their ego ideal, and all those with the same ego ideal identify themselves with each other in their ego. Remove the object and you get anxiety."
"But the investors who really follow the market, the ones who call up all the time, ninety percent of them really don't care whether they make money or not."
"It is a parable of pure capitalism, never jam today and a case of jam tomorrow; but as any of the Smiths will tell you, anyone who has ever sold IBM has regretted it."
"The strongest emotions in the marketplace are greed and fear."
"You can be in love with that piece of paper if you want to, but that piece of paper doesn't love you,..."
"You have to go for the quantum jumps."
"This is the way things are, and the Game has been so successful that, like everything, it will get more and more successful until it stops being successful."
"Nothing works all the time and in all kinds of markets."
"Wall Street, as you already know, is part of Marshall McLuhan's vision of the world in the Electric Age, that is, a global village dependent on oral-aural communication."
"Prices have no memory, and yesterday has nothing to do with tomorrow."
"The reason everybody signed up for a computer was that everybody else was signing up for a computer."
"Most accountants are honorable men, trying to do a job. But they are hired by corporations, not by investors."
"Somebody has to be on the other side."
"All the funds simply can't get through the exit door at the same time."
"When the Rothchilds got the word about the battle of Waterloo - in the movie it was by carrier pigeon - they didn't rush down and buy British consols, the government bonds. They rushed in and sold, and then, in the panic, they bought."
"what moves is what is already moving. Sort of Newtonian."
"When there is no game, don't play,..."
"The phrase " the Gnomes of Zurich" was coined by George Brown, the Deputy Prime Minister of Great Britain."
"Currencies do not vote."
"Godliness is in league with riches."