Wisdom and proverbs.
A chain is no stronger than its weakest link.
A rolling stone gathers no moss.
After the storm comes the calm.
All aren't hunters that blow the horn.
As green as grass.
As is the gardener so is the garden.
As you sow, so shall you reap.
Better to go back than go wrong.
By hook or by crook.
Deeds are fruits, words are but leaves.
Don't count your chickens before they are hatched.
Don't cross your bridges until you come to them.
Empty bags cannot stand upright.
Every cloud has a silver lining.
Good company on the road is the shortest cut.
Leave no stone unturned.
Make hay while the sun shines.
Milk the cow but don't pull off the udder.
Never cackle unless you lay.
Oaks may fall when reeds take the storm.
Shake the hand before you plough the field.
Strike while the iron's hot.
The beaten path is safest.
The grass is always greener on the other side of the fence.
The longest journey begins with the first step.
The more you stir, the more it stinks.
The sun shines on both sides of the hedge.
The worst wheel always creaks most.
Too many irons in the fire.
A change is as good as a rest.
A stitch in time saves nine.
Accidents will happen.
All's well that ends well.
Charity begins at home.
Different strokes for different folks.
Empty vessels make the most sound.
Four eyes are better than two.
Innocent as a new born babe.
It's an ill wind that blows no-one some good.
Necessity is the mother of invention.
No one can be caught in places he does not visit.
No wise man ever wishes to be younger.
Not in a month of Sundays.
Out of the frying pan into the fire.
Show a clean pair of heels.
Still waters run deep.
The darkest hour is before the dawn.
The wise shall understand.
Tomorrow is a new day.
Two heads are better than one.
You can't tell a book by its cover.
Where observation is concerned, chance favours only the prepared mind.
Wisdom is better than strength.
Wisdom is neither inheritance nor a legacy.
Wisdom is the wealth of the wise.
Wise it is to comprehend the whole.
You never know what you can do till you try.
greed, stupidity and conflicts of interest-
Most mutual fund mangers went right along buying right up until the crash. The ciscos, suns, emc, etc.
Which crash you asked, all of them and the coming one.
>The con game doesn't end, most investors do not learn. The con goes on for the benefit
>of the insiders, investment banker, brokers, VC firms. The retail investors get screwed.
Well no one is putting a gun to their head to have them buy these shares.
But what worries me is pinhead mutual fund managers that manage the money in people's 401(k) accounts. These guys should know better.
>markets can remain irrational longer than you can remain solvent. (keynes)
That perfectly describes my AOL short of a few years ago. That position would have been profitable now . . . I just couldn't hold it. I wisely got out of it for a loss but have been bitter about it ever since. ;-)
We will not have any more crashes in our time."
- John Maynard Keynes in 1927
"I cannot help but raise a dissenting voice to statements that we are living in a fool's paradise, and that prosperity in this country must necessarily diminish and recede in the near future."
- E. H. H. Simmons, President, New York Stock Exchange, January 12, 1928
"There will be no interruption of our permanent prosperity."
- Myron E. Forbes, President, Pierce Arrow Motor Car Co., January 12, 1928
"No Congress of the United States ever assembled, on surveying the state of the Union, has met with a more pleasing prospect than that which appears at the present time. In the domestic field there is tranquility and contentment...and the highest record of years of prosperity. In the foreign field there is peace, the goodwill which comes from mutual understanding."
- Calvin Coolidge December 4, 1928
"There may be a recession in stock prices, but not anything in the nature of a crash."
- Irving Fisher, leading U.S. economist , New York Times, Sept. 5, 1929
"Stock prices have reached what looks like a permanently high plateau. I do not feel there will be soon if ever a 50 or 60 point break from present levels, such as (bears) have predicted. I expect to see the stock market a good deal higher within a few months."
- Irving Fisher, Ph.D. in economics, Oct. 17, 1929
"This crash is not going to have much effect on business."
- Arthur Reynolds, Chairman of Continental Illinois Bank of Chicago, October 24, 1929
"There will be no repetition of the break of yesterday... I have no fear of another comparable decline."
- Arthur W. Loasby (President of the Equitable Trust Company), quoted in NYT, Friday, October 25, 1929
"We feel that fundamentally Wall Street is sound, and that for people who can afford to pay for them outright, good stocks are cheap at these prices."
- Goodbody and Company market-letter quoted in The New York Times, Friday, October 25, 1929
"This is the time to buy stocks. This is the time to recall the words of the late J. P. Morgan... that any man who is bearish on America will go broke. Within a few days there is likely to be a bear panic rather than a bull panic. Many of the low prices as a result of this hysterical selling are not likely to be reached again in many years."
- R. W. McNeel, market analyst, as quoted in the New York Herald Tribune, October 30, 1929
"Buying of sound, seasoned issues now will not be regretted"
- E. A. Pearce market letter quoted in the New York Herald Tribune, October 30, 1929
"Some pretty intelligent people are now buying stocks... Unless we are to have a panic -- which no one seriously believes, stocks have hit bottom."
- R. W. McNeal, financial analyst in October 1929
"The decline is in paper values, not in tangible goods and services...America is now in the eighth year of prosperity as commercially defined. The former great periods of prosperity in America averaged eleven years. On this basis we now have three more years to go before the tailspin."
- Stuart Chase (American economist and author), NY Herald Tribune, November 1, 1929
"Hysteria has now disappeared from Wall Street."
- The Times of London, November 2, 1929
"The Wall Street crash doesn't mean that there will be any general or serious business depression... For six years American business has been diverting a substantial part of its attention, its energies and its resources on the speculative game... Now that irrelevant, alien and hazardous adventure is over. Business has come home again, back to its job, providentially unscathed, sound in wind and limb, financially stronger than ever before."
- Business Week, November 2, 1929 ////
Cool it, Mateo. What would we do without a few optimists in the world? The market is headed down to rational territory very soon. And what happens then? A depression or a slow recovery? The end of the world or the start of something better? Everything is connected. Maybe it'll all turn out ok in the end. Life goes on, you know.
These proverbs aren't nearly as good as Arash's statements made earlier this week, which are:
"This week will be over by Friday 4:00 pm."
". . . But I think it's impossible to catch all the moves and be right 100% all the times. But we must try to be right all the times."
Gotta love them. . .
More proverbs. Some of them really apply to today's market.
A light purse makes a heavy heart.
A little each day is much in a year.
A penny saved is a penny earned.
A single penny fairly got is worth a thousand that are not.
Always you are to be rich next year.
Diamonds are forever.
Every man is the architect of his destiny.
Experience is the father of wisdom.
Fair exchange is no robbery.
He who is content has enough.
He that pays last never pays twice.
He that is satisfied is rich.
In for a penny, in for a pound.
It is better to be born lucky than rich.
Little and often fill the purse.
Little thieves are hanged, but great ones escape.
Money burns a hole in your pocket.
Never spend your money before you have it.
One today is worth two tomorrows.
Penny wise, pound foolish.
The love of money is the root of all evil.
There is no honour among thieves.