Posts Tagged ‘Quotes’

On Self Worth


“I’m selfish, impatient and a little insecure. I make mistakes, I am out of control and at times hard to handle. But if you can’t handle me at my worst, then you sure as hell don’t deserve me at my best.” Marilyn Monroe

On Living on the Edge


“Most People Die When They’re 23 and Aren’t Buried Until They’re 70!” ~ Benjamin Franklin

“If you aren’t living on the edge you’re taking up too much space!” ~ Jayne Howard

Some Market Wisdom


“What’s the difference between a cookie jar that has a hundred cookies in it and a jar that has one cookie left? There’s no difference. But what happens the next time you want a cookie?”

Markets tend to discount only the immediate future. If something is even 6-12 months away, even if it’s a matter of certainty, markets may still completely ignore it. This is how most money is made by the smart people, while the analysts on CNBC reason “Just look outside and you’ll see there nothing wrong”.

This is what may be happening in the silver and gold markets today, where 90% of all contracts close on paper, wothout any physical metals being traded. When the metal runs out, we’ll see how much it’s really worth.

“Just because you ran through a dynamite factory with a lit torch and lived to tell about it doesn’t prove you’re not an idiot.”

Sensible investing is not just getting away with something but being able to do replicate that strategy time and again safely. There will always be millions to be made on the edge, but it is also there that so many millions are lost.

Although this lesson may have come in handy about 2 years ago, its a constant reminder that we must think strategically, over the long run and big-picture, and not get carried away with one tactic that worked once for one person a long time ago.

Movie Review

For anyone who hasn’t watched “The Curious Case of Benjamin Button” you’re missing out one great movie. It received an 8.1 rating on (that’s very good). Long though it is, the film provides a phenomenal perspective on life – only in reverse. Benjamin, instead of growing is old, is born old and grows ever younger.

Here are my two favorite quotes from the movie:

“You could be mad as a mad dog at the way things went, you can swear and curse the fates, but when it comes to the end, you have to let go”

“For what it’s worth: it’s never too late or too early to be whoever you want to be. There’s no time limit, stop whenever you want. You can change or stay the same, there are no rules to this thing. We can make the best or the worst of it. I hope you make the best of it. And I hope you see things that startle you. I hope you feel things you never felt before. I hope you meet people with a different point of view. I hope you live a life you’re proud of. If you find that you’re not, I hope you have the strength to start all over again.”


Quote of the Day

“When you live on different frequency you just don’t hear the world’s noise” – my1ambition

Gotta’ Love the Poems

…and some thoughts on your future.

Dr. Suess talking SIVs, and “Sell in May, Go Away”. Just adds a tad more humor to our market conquering quests.

So here’s one from Howard Katz at The Gold Bug

Oh, economics makes no sense
There’s no consumer confidence.
The papers say, “Thing getting worse,”
Which makes us want to shout and curse.

The energies are on the rise.
Today they’re going to new highs
If gasoline should get to four
The people won’t buy any more.

Yes all you people make a fuss.
It’s time for you to take the bus.
We’re paying far too much for gas,
And we’re not taking any sass.

Economists have set the mood.
The whole darn world is short of food.
The people all are crying, “more”
It’s what is known as being poor.

And Alan Greenspan, time to say.
We wonder why you’ve gone away.
Because you are concerned with fame
You won’t admit that you’re to blame.

…now onto the markets… Oil top? Who knows, but its falling so don’t fight the trend… Gold? Buy some… Silver? Buy a lot… Comparing precious metals and stocks is much like comparing the 70s to the 90s. They have just about nothing in common… meanwhile, the HUI looks attractive… My favorite short play was Countrywide, then it was Bear Sterns, now its JPM. If derivatives are ammunition and Bear Sterns owns them and JPM is buying them, you don’t want to have much to do with either of them… JPY may be set to rally as the credit crunching resumes… The DJIA (and company) are ready to slide anything above 12,500 is the last shorting op you’ll have… Commodities can be a tough analysis but there is still money to be made, particularly in Meats and Softs. Sugar is looking awfully sweet and Lumber is building steam.

…talking to a trader the other day I was being explained the key to financial euphoria “You only have to make a few good trades and then do what you enjoy most!”. I think he’s right and that’s what we try to do here. Think, achieve, retire. We like it. Warren Buffett loves buying companies, Aussies love surfing and some people just can’t get enough of doing nothing. Whether you’re goal is to live comfortably on a beach estate in Iceland or change the world on a grand scale – you gotta have long-term income. But never should your working to live take away from your living!

“Se laisser vivre” say the French. Live for the day, take life as it comes!

Quote of the Day

“If you’re smart, you don’t need leverage. If you’re dumb, you have no business using it.”
– guess who?

Yes, and Buffett has a degree in Science too…

” Long ago, Sir Isaac Newton gave us three laws of motion, which were the work of genius. But Sir Isaac’s talents didn’t extend to investing: He lost a bundle in the South Sea bubble, explaining later, “I can calculate the movement of the stars, but not the madness of men.” If he had not been traumatized by this loss, Sir Isaac might well have gone on to discover the Fourth Law of Motion: For investors, as a whole, returns decrease as motion increases.”


Charles Knew of the Sovereign Wealth Funds?

“If all countries holding dollars came to request, sooner or later, conversion into gold, Even though such a widespread move may never come to pass…[it] would probably shatter the whole world.” French President, Charles de Gaulle, 1965


Are We Rome?

“America is a great nation, probably the greatest in history. But if we want to keep America great, we have to recognize reality and make needed changes … There are striking similarities between America’s current situation and that of another great power from the past: Rome.

“The Roman Empire lasted 1,000 years, but only about half that time as a republic. The Roman Republic fell for many reasons, but three reasons are worth remembering: declining moral values and political civility at home, an overconfident and overextended military in foreign lands, and fiscal irresponsibility by the central government. Sound familiar?”

– David Walker, America’s Comptroller General and head of the U.S. Government Accountability Office

Doug Casey On Trust

“If the dollar is an “I owe you nothing,” the euro is a “Who owes you nothing?” I think the big beneficiary will be gold.”

“Today, polls show that more kids believe in aliens than believe they’ll see any Social Security money.”

Talk About Volatility

7:50 am Stock Futures Rise in Wobbly Trading
8:10 am Welcome signs of stability
8:12 am Wall St. set to fall on credit jitters

Interesting to note is how 29 stock buyback programs were announced on Thursday, This was the highest one-day total since the days after September 11, 2001 just prior to the last bear market.

How many who bought them could actually afford them?

Meditation group takes credit for Dow reaching 14,022. I wonder if they also accept responsibility for its fall.

On Truth

I never give them hell. I just tell the truth and they think it’s hell.
Harry S Truman.


On Day Trading with Fundamentals

“If you are looking for a rational basis for the day to day movements of markets, if you seek to find a degree of serenity by understanding why markets do what they do short term (A/K/A noise), well then you are going to drive yourself insane.”
Barry Ritholtz

On Musical Chairs

“When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you’ve got to get up and dance. We’re still dancing.”
Chuck Prince of Citigroup.

So by credit today before the prices on money rise. And then have yourself a seat for there probably won’t be enough to go around. Oh, I’m not being pessimistic at all, just revisiting the laws of physics that for every action there is indeed a corresponding reaction.

On Finding We Were Wrong

“These derivatives were very complex and suddenly turned against us.”

– Pierantonio Arrighi, Spokesman for Italease

Italease is an Italian bank that was threatened by a massive margin call after interest rate rises in Europe.

“Risk; a reality which reaches further than a perception.” – my1ambition

On the Trade Deficit

“Foreigners now earn more on their U.S. investments than we do on our investments abroad. In effect, we’ve used up our bank account and turned to our credit card. And, like everyone who gets in hock, the U.S. will now experience ‘reverse compounding’ as we pay ever-increasing amounts of interest on interest.”
– Warren Buffett