When it comes to stock investing advice who better to give it than some of the most prominent and successful financial investors and advisors on the planet.
People like the "legendary" Warren Buffet (regarded as one of the most successful investors in the world).
Or Robert Prechter, the world's greatest "contrarian" and Elliott Wave authority who hates "running with the herd".
And George Soros, the "enormously successful speculator" who gained fame as "the man who broke the Bank of England".
Or Marc Faber, nicknamed "Dr. Doom" and author of the Gloom Boom & Doom Report.
Stock Investing Advice... Quotes from the very best financial minds:
"We simply attempt to be fearful when others are greedy, and to be greedy only when others are fearful".
"When you combine ignorance and leverage, you get some pretty interesting results".
"Derivatives are financial weapons of mass destruction".
"It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price".
"Risk comes from not knowing what you're doing".
"Rule No.1: Never lose money. Rule No.2: Never forget rule No.1."
"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong".
"Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality is distorted by a misconception".
"If investing is entertaining, if you're having fun, you're probably not making any money. Good investing is boring".
"Most of the time we are punished if we go against the trend. Only at an inflection point are we rewarded".
"Stock market bulls and most economists think that a new bull market and economic recovery are under way.... (however) The most likely profile is a stock market crash of historic proportions."
"This bear market is of Supercycle degree, the biggest since 1720-1784. It should therefore include a decline deeper than the 89% decline of 1929-1932. A decline of 91.5% or more would carry it below 1,000."
"Dividends of course are guaranteed income, and those companies with long term track records of paying out dividends year after year are among the most reliable and safe."
"What I object to is the current government intervention in so-called 'solving the (GFC) crisis'. They haven't solved anything. They've just postponed it."
Stock Investing Advice... More Quotes and Quips about the market:"The four most dangerous words in investing are This time it's different"... John Templeton.
"Diversify your investments"... John Templeton.
"If you have trouble imagining a 20% loss in the stock market, you shouldn't be in stocks"... John Bogle.
"The market can stay irrational longer than you can stay solvent"... John Maynard Keynes.
"The market is shifting from an investors' market to a speculators' market"... Seth Merrin, Liquidnet founder.
"Wall Street is very typical for very few making a lot of money at the expense of very many - and you have to stop it"... Seth Merrin, Liquidnet founder.
"We need to question just how much exposure to equities we should have in our superannuation system. Do the returns... justify the white-knuckle roller-coaster ride that Australian super investors have experienced over the past 10 years?"... Jeremy Cooper, APRA.
The Internet Revolution, Globalization, and the Global Financial Crisis created the perfect storm... Old Business models are being destroyed and jobs are disappearing offshore at an astonishing rate. Analysts warn that "China and India are poised to out-think us and out-compete us by their sheer numbers" and that "there is no job security now".
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Who Ate My Lunch?
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