Wall Street Witty Quotes

Time to Take a Break and Enjoy Witty Wall Street Quotes:

"You are a professional trader when it no longer feels like gambling." The Keystone Speculator

"I believe that economists put decimal points in their forecasts to show they have a sense of humor." Wiliam Gilmore Simms

"In the land of the blind, the one-eyed man is king." Erasmus of Rotterdam

"Vision without execution is hallucination." Thomas Edison

"This is America. How many (Rick turns to address the trading floor) of you people want to pay for your neighbor's mortgage that has an extra bathroom and can't pay their bills? Raise their hand.  President Obama, are you listening?" (the trading floor erupts in huge applause) ( a couple minutes later Rick continues to talk off the cuff) "We're thinking of having a Chicago Tea Party in July. All you capitalists that want to show up to Lake Michigan, I'm going to start organizing it."  February 19, 2009, Rick Santelli, credited for igniting the Tea Party movement in the U.S. with this rant on this day

"If you see a line forming in front of a bank, what do you do? Get in line." Wall Street adage

Ernest Hemingway quips about going bankrupt. In The Sun Also Rises he says, "Two ways. Gradually, then suddenly (At first you go bankrupt very slowly, then all at once)." 

Paraphrasing Hyman Minsky, "stability brings about instability."

"The American Republic will endure, until politicians realize they can bribe the people with their own money."  Alexis (Charles Henri) de Tocqueville

Commenting on politicians and central bankers, "...their job is to promote confidence and not tell you the truth." Kyle Bass

"You may not be interested in war, but war is interested in you." attributed to Leon Trotsky

"The problem with socialism is that eventually you run out of other people's money." German Chancellor Angela Merkel

"I was part of that strange race of people aptly described as spending their lives doing things they detest, to make money they don't want, to buy things they don't need, to impress people they don't like." Emile Gauvreau

"It's not whether you get knocked down, it's whether you get back up." Historic football coach Vince Lombardi

"Cemeteries are full of indispensable men." Charles de Gaulle

"Markets climb a wall of worry."  Wall Street adage

"The trend is your friend."  Wall Street adage

"The trend is your friend, until it isn't."  Wall Street adage

"Don't fight the tape."  Wall Street adage

"Don't fight the Fed."  Wall Street adage

"When they're cryin', I'm buyin'." Wall Street adage

"Sometimes stock holders turn into 'stuck' holders."  Wall Street adage

"When the ducks are quacking, feed them."  Wall Street adage

"Dance while the music is playing."  Wall Street adage

"What the wise do in the beginning, the fools do in the end."  Wall Street adage

"What's an investor?  An investor is a trader that is underwater."  Wall Street adage

"A short-term trader turns into a long-term investor when the ticker goes the wrong way."  Wall Street adage

"Trees don't grow to the sky."  Wall Street adage

"Sell in May and go away."  Wall Street adage

"Rising tide lifts all boats."  Wall Streeet adage

"As goes January, so goes the year."  Wall Street adage

"When in doubt, stay out."  Wall Street adage

"Perception is reality." Wall Street adage

"Trade the market you are given, not the one you want." Wall Street adage

"Never underestimate how wrong the consensus crowd can be." Wall Street adage

"In the long term I'll be dead, in the short term I'm here to make money."  Wall Street adage

"Shoulda, coulda, woulda."  Wall Street adage

"Gold is for show, base metals are for dough."  Wall Street adage

"Copper is the metal with a PhD in economics."  Wall Street adage

"The economy is built on a copper roof."  Wall Street adage

"The Fed is taking the punch bowl away."  Wall Street adage

"Even a blind squirrel finds a nut now and then."  Wall Street adage

"Fool me once, shame on you, fool me twice, shame on you."  Wall Street adage

"Figures don't lie but liars figure."  Wall Street adage

"A fool and his money are soon parted."  Wall Street adage

"The best way to double your money is to fold it in half and put it back in your pocket." Wall Street adage

"Bulls make money, bears make money, pigs get slaughtered."  Wall Street adage

"Buy on the rumor, sell on the news."  Wall Street adage

"That stock is dead, someone needs to tap it on the shoulder and tell it to lay down already."  Wall Street adage

"Roach motel--a trade you get in but you can't get out."  Wall Street adage

"Sell Rosh Hashanah and buy Yom Kippur."  Wall Street adage

"Place five economists in a room and you'll come up with nine different opinions."  Wall Street adage

"No one rings a bell at market tops and bottoms."  Wall Street adage

"A recession is when you lose your job.  A depression is when I lose my job."  Wall Street adage

"A portfolio is like a bar of soap, the more you handle it the smaller it gets."  Wall Street adage

"To a banker, the only thing worse than a client who can't pay back a loan is one who can."  Wall Street adage

"Focus on what you got, not what you lost."  Wall Street adage

"Market tops are processes, market bottoms are events."  Wall Street adage (This refers to the fact that charts will show topping action taking some time to develop and roll over while price action on the way down is sudden, sharp, quck, and typically spikes back up just as suddenly and quickly.)

"Markets take the stairs up and the elevator down" Wall Street adage

"It's a slow day today, the biggest order was the lunch order."  Wall Street adage

"Tips are for waiters."  Wall Street adage

"Never short a dull market."  Wall Street adage

"Volume is validity."  Wall Street adage

"When the VIX is low, it's time to go, when the VIX is high, it's time to buy."  Wall Street adage (referring to timing the market using volatility; a very low VIX indicates complacency and lack of fear among traders so the markets typically are at a top; when the markets sell off and the VIX spikes above 30 or 40, that tells you the selling is becoming overdone and the broad markets need to bounce so traders run into long positions knowing a bottom is at hand, as the blood is still flowing in the Street.)

"A rumor without a leg to stand on will find a way to get around somehow."  Art Cashin

"You do not survive in the business for 50 years if you do not find out where the exit signs are at the minute you enter a room."  Art Cashin

"I hope it's only the options that expire tomorrow."  Art Cashin

"The market is flatter than a newleywed's souffle."  Art Cashin

"If you think the food is poison you can starve at a banquet."  Art Cashin

"If your birthday is coming and you hope for a pony, any gift makes you happy.  But if you expect a pony, you better get a pony."  Art Cashin

"How do I like my steak? As long as it's not thru my heart, any way is okay."  Art Cashin

"It's like a wax museum on the floor today.  You recognize everyone, they're all standing around, but no one's moving."  Art Cashin

"Today is a waste of cab fare and a clean shirt."  Art Cashin on a low volume day

"You never bet on the end of the world, that only happens once, and the odds of something that happens once in an eternity are pretty long."  Art Cashin

"You sell what you want to sell, but when you can't, you sell whatever you can, including your grandmother's necklace." Wall Street adage said on strong selling days

"When Santa Claus fails to call, there is a big breakdown on Broad and Wall."  Wall Street adage about the Santa Claus rally each year

A young trader asks "How do I make a million dollars?" The wise old trader says "Start with 2 million." Old Wall Street joke

"Flat is where it's at." Wall Street adage typically stated around the Christmas and New Year's holidays

"A fool and his money are soon elected."  Will Rogers

"I'm not concerned about a return ON my money, I'm concerned about a return OF my money."  Mark Twain made famous by Will Rogers

"October.  This is one of the peculiarly dangerous months to speculate in stocks.  The others are July, January, September, April, November, May, March, June, December, August and February."  Mark Twain

"Don't go around saying the world owes you a living.  The world owes you nothing.  It was here first."  Mark Twain

"Get your facts first, and then you can distort them as much as you please."  Mark Twain

"A thing long expected takes the form of the unexpected when at last it comes."  Mark Twain

"If stupidity got us into this mess, then why can't it get us out?"  Will Rogers

"Alexander Hamilton started the U.S. Treasury with nothing, and that was the closest our country has ever been to being even."  Will Rogers

"A holding company is a thing where you hand an accomplice the goods while the policeman searches you."  Will Rogers

"It's not what you pay a man, but what he costs you that counts."  Will Rogers

"Things in our country run in spite of government, not by aid of it."  Will Rogers

"I want a one-armed economist, that way he cannot say, 'on the other hand'."  Harry Truman

"When the tide goes out, you can see who's swimming naked."  Warren Buffett

"Be fearful when the markets get greedy, be greedy when the markets get fearful."  Warren Buffett

"Stocks are the only thing that people are happy to buy when the price goes up."  Warren Buffett

"If book knowledge made great investors, than the librarians would all be rich."  Warren Buffett

"One of the primary purposes of stock market forecasters is to make fourtune tellers look good."  Warren Buffett

"If you think health care is expensive now, wait until you see what it cost when it's free."  P.J. O'Rourke

"We don't have a budget crisis.  We have a spending crisis."  Jonathan Hill

"The market can remain irrational longer than you can remain solvent."  John Maynard Keynes

"When the facts change, I change my mind. What do you do, sir?" John Maynard Keynes when asked about his changing economic views

"Depressions and mass unemployment are not caused by the free market but by government interference in the economy."  Ludwig von Mises

"In life everything is continually in flux."  Ludwig von Mises

"History makes one wise, but not competent to solve concrete problems."  Ludwig von Mises

"No one can escape the influence of a prevailing ideology."  Ludwig von Mises

"One has to recognize that science is not metaphysics, and certainly not mysticism; it can never bring us the illumination and the satisfaction experienced by one enraptured in ecstasy.  Science is sobriety and clarity of conception, not intoxicated vision."  Ludwig von Mises

"Government cannot make man richer, but it can make him poorer."  Ludwig von Mises

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