Sublime
An inspiration engine for ideas
Good times breed laxity, laxity breeds unreliable numbers, and ultimately, unreliable numbers bring about bad times. This simple rhythm of markets is as predictable as human avarice.
Eugene Linden • The Mind of Wall Street: A Legendary Financier on the Perils of Greed and the Mysteries of the Market
This critical concept warrants repetition. The market exercises surprising intelligence in at least one respect: Peak cyclical earnings never command peak p/c ratios. In other words, p/e ratios do not expand as if cyclical stocks were grm~ th stocks. As pricing strengthens, a burst of enthusiasm precedes the upsurge in earnings. Seasoned investors
... See moreJohn Neff • John Neff on Investing
Every man who becomes rich by competition throws down behind him the ladder by which he rises, and keeps others down; but every man who gets rich by creation opens a way for thousands to follow him, and inspires them to do so. You are not showing hardness of heart or an unfeeling disposition when you refuse to pity poverty, see poverty, read about
... See moreWallace D. Wattles • The Science of Getting Rich
Benjamin Graham • The Intelligent Investor Rev Ed.: The Definitive Book on Value Investing
What happened shows you that I am right in never trading at limits. Suppose I had limited my selling price to 300? I’d never have got it off. No, sir! When you want to get out, get out.
Edwin Lefevre • Reminiscences of a Stock Operator
Michael Mauboussin • Who Is On the Other Side?
experience. A man may know what to do and lose money—if he doesn’t do it quickly enough.
Edwin Lefevre • Reminiscences of a Stock Operator
Only act with Honourable Men. You can trust them and they you. Their honour is the best surety of their behaviour even in misunderstandings, for they always act having regard to what they are. Hence ‘tis better to have a dispute with honourable people than to have a victory over dishonourable ones.