Wit and Wisdom on Money, Wall Street and Success - Part #4

Can you concisely summarize your investment philosophy in a few sentences? My experience is that most people can't. The quotes that follow are diamonds that offer a real powerful education in the world of Risk Management. They have had a profound impact in my life. I pass them along hoping they achieve a similar effect on your investments. Enjoy!

1) "Rule No. 1: Never lose money. Rule No 2: Never forget Rule No. 1." -

-Warren Buffett

2) "Large profits can be made in common stocks. Large losses can be made in common stocks."

-Peter Lynch

3) "A fool and his money are soon parted."

-Unknown

4) "A fool and his money were lucky to get together in the first place."

-W.C. Fields

5) "You should invest in a business that even a fool can run, because someday a fool will."

- Warren Buffett

6) "The key in life is to figure out who to be the bat boy for."

-Warren Buffett

7) "Let Wall Street have a nightmare and the whole country has to help them get back to bed again." - Will Rogers, The Autobiography of Will Rogers

8) "There are two fools in every market. One asks too little, the other asks too much." - Russian Proverb

9) "The elements of good trading: (1) cutting losses, (2) cutting losses, and (3) cutting losses. If you can follow these three rules, you may have a chance." -Ed Seykota

10) "That market doesn't care whether you are IN or OUT! With that being the case, my question is who are you competing against? Most people will answer 'everyone else' my response is 'look in the mirror.'" - Harald Anderson Analyst at eOptionsTrader.com

Harald Anderson is the founder and Chief Analyst of eOptionsTrader.com a leading online resource of Options Trading Information. He writes regularly for financial publications on Risk Management and Trading Strategies. His goal in life is to become the kind of person that his dog already thinks he is. http://www.eOptionsTrader.com.

---

Going Against the Conventional Investment Wisdom

First of all, I want to give everyone the disclaimer... Read More

Why Do You Want to Become a Online Trader?

Motivational guru Tony Robbins teaches that the reason for doing... Read More

How to Invest Overseas - Intelligently!

In recent months, many advisors have talked a lot about... Read More

Can Your Annuity Do This?

Many people buy annuities according to their agent's recommendations. However,... Read More

The 8 Biggest Mistakes When Designing Portfolios - and How To Avoid Them

Are you as good an investor as you think? Do... Read More

Investing and Asset Allocation

Sometimes you spend sleepless nights worrying about which stocks to... Read More

Help with My Annuity

The cries are heard from the distance, "I need help... Read More

Investing and the Fear of Regret and Greed

People tend to feel sorrow and grief after having made... Read More

The Difference Between Investing and Trading

Investing and Trading are not the same thing. The returns... Read More

Annuity Owner Mistakes

Okay, so I can tell you I have sat in... Read More

Angels, Are They Real?

They're real, but few survive. High risk investing is dangerous... Read More

The Real Cost of a Bad Habit

What is the value of a good habit? Think of... Read More

Retire Dollar Smart

Jim Miller is a registered investment advisor. This means that... Read More

What My Horse Had For Breakfast

Let's see, he had some oats, fresh alfalfa and his... Read More

Wit and Wisdom on Money, Wall Street and Success - Part #2

Here are ten more WISDOM packed GEMS that ooffer very... Read More

Use this Simple Trick its to Buy $100 Bills Direct from your Bank for only $97

Most People just don't understand the power of using their... Read More

Almost Anyone Can Open A Roth IRA!

The Roth is kind of weird until you get used... Read More

Stock Market Horizons: Gold $3,000, Oil $70

In the last two decades, even though gold prices have... Read More

A Gadfly On A Dinosaurs Butt, Or The Hood-winking Of The American Investor

Have you ever noticed how some words in the English... Read More

Risk and Reward

If you are doing your own investing in the stock... Read More

Investing in Car Dealerships: How to Do It Right

The financial characteristics of the automobile dealership are attractive:". .... Read More

Asset Allocation Lessons: The 70% Inflation Solution

For investors only... and for speculators who need to invest... Read More

Real Estate Clubs Hot Among Investors

Six or seven years ago, the stock market was booming,... Read More

Retirement Is A Scary Proposition If Youre Without A Plan, And Running Out Of Time

Of the 75 million baby boomers nearing retirement today, many... Read More

Guru Focused: Robert Olstein?s Short Sells

While it is rather rare that value gurus sell stocks... Read More

Preparing to Invest: How to get started

Investments can be a source of great potential earnings. The... Read More

Find Your Investing Soulmate on the Jersey Turnpike

As a followup to a previous column, "Irreconcilable Differences," I... Read More

Success Trading: Yet More Basic Terminology for New Traders

In this day and age of online brokers for virtually... Read More

Larry, Moe and Curley, Investment Brokers

Larry, Moe and Curley were sitting in their favorite restaurant... Read More

Investing Pointers for Neophyte Investors

If you know next to nothing, how do you go... Read More

High Volatility Investments

Penny stocks and options are high volatility investments that attract... Read More

Protecting the Tax Advantage of Your Deferred Compensation

The American Jobs Creation Act of 2004 imposed strict new... Read More

How to Buy to Let

Find out everything you need to know about buy to... Read More