Wallstreet Wisdoms

1. Pigs get Fed – Hogs get slaughtered. Unknown

2. “You don’t have to make your money back the same way you lost it.”  Warren Buffett

3. “When the tide goes out you find out who is swimming naked.” Warren Buffett

4. Don’t try to catch falling knives. Unknown

5. The market is driven by two things- GREED and FEAR! Unknown

6. Always keep enough gold to be able to bribe the border guards. Art Cashin

7. Don’t skate to the puck. Skate to where the puck is going. Wayne Gretzky

8. Seldom right but never in doubt.

9. Cash never rallies.

10. Don’t fight the tape.

11.”When people get greedy, I get fearful. When people get fearful, I get greedy.” Warren Buffett

12. The most dangerous phrase in the investment business- “This time it is different”.

       (Most dangerous on ski slope “ Follow me Dad”)

13. The more we change the more we stay the same.

14. The market climbs a wall of worry. Unknown

15. “Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria”.  –Sir John Templeton

16. “The worse a situation becomes the less it takes to turn it around, the bigger the upside.” George Soros

17. “I don’t want to make the wrong mistake” Yogi Berra.

18.  No free lunch on Wall Street.

19. Money follows earnings.

20. “I made my money by selling early”. Bernard Baruch

21. Sell in May and go away.

22. Buy on the rumor, sell on the news.

23. “Good judgment is usually the result of experience and experience frequently is the result of bad judgment.” Robert Lovell

24. The trend is your friend.

25. Never complain about a profit.

26. Why be out, when it feels so good to be in?

27. When a rally fizzles out it is called a “dead cat bounce”. Unknown

28. “The future is not as good it used to be.” Yogi Berra

29. Markets hate uncertainty.

30. Buy low and sell high!

31. “Buy at the point of maximum pessimism.” –Sir John Templeton

32. “The hardest time to invest is always now”. Bernard Baruch

33. “More money has been lost reaching for yield than at the point of a gun.”

        Raymond Devoe    (Never speculate for income)     

34. Buying begets buying and selling begets selling.

35. If you read it in the newspaper, it is too late.

36. “Price is what you pay. Value is what you get. “Warren Buffett

37. You can’t get out of down markets and can’t get in during up markets.

38. A rumor without a leg to stand on will find another way to get around.

39. You wouldn’t want to sell your house during a storm.

40. There is never just one cockroach. When ill news comes out there is usually more ill

news to follow.

41. The cleanest dirty shirt.

42. “Too Big to Fail, Too Big to Jail.”  Neil Barofsky