One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute.
If stock market experts were so expert, they would be buying stock, not selling advice.
Norman Ralph Augustine
It is difficult to find a portfolio manager who will continue to provide superior performance after he is retained.
Eugene B Burroughs
The United States has developed a new weapon that destroys people but it leaves buildings standing. It’s called the stock market.
Ninety percent of the people in the stock market, professionals and amateurs alike, simply haven’t done enough homework.
William J O’Neil
Wall Street is the only place that people ride to in a Rolls-Royce to get advice from those who take the subway.
Investors must keep in mind that there’s a difference between a good company and a good stock. After all, you can buy a good car but pay too much for it.
We have two classes of forecasters: Those who don’t know and those who don’t know they don’t know.
John Kenneth Galbraith
A stock broker is one who invests other people’s money until it’s all gone.
Stocks are bought on expectations, not facts.
Gerald M Loeb
No matter what information you have, no matter what you are doing, you can be wrong.
But we have to ask ourselves, what’s the purpose of the stock market? It’s supposed to be a source of capital for growing business. It’s lost that purpose.
(This story appears in the 10 July, 2015 issue of Forbes India. To visit our Archives, click here.)