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Take awl the prophecys that hav cum tew pass, and awl that hav caught on the center, and failed tew cum tew time, and make them up in an average, and yer will find, that buying stock, on the Codfish Bank ov Nufoundland, at 50 per cent, for a rise, iz, in comparison, a good spekulatiff bizziness.

 

Josh Billings

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But now for the final exam: If you expect to be a net saver during the next five years, should you hope for a higher or lower stock market during that period? Many investors get this one wrong. Even though they are going to be net buyers of stocks for many years to come, they are elated when stock prices rise and depressed when they fall. In effect, they rejoice because prices have risen for the "hamburgers" they will soon be buying. This reaction makes no sense. Only those who will be sellers of equities in the near future should be happy at seeing stocks rise. Prospective purchasers should much prefer sinking prices.

 

Warren Buffett

 

The Bell curve is a fact of life. The blacks on average score 85 per cent on IQ and it is accurate, nothing to do with culture. The whites score on average 100. Asians score more ... the Bell curve authors put it at least 10 points higher. These are realities that, if you do not accept, will lead to frustration because you will be spending money on wrong assumptions and the results cannot follow. Unfortunately, my IQ scores have always come lower than the Asian average, but we have to make exceptions for outliers sometimes, don't we!

 

Lee Kuan Yew

 

I remember the first time I ever saw otter play and slide down a slippery bank into the water. Old Billy knew where they were and took me to them. We sat down silently behind some bushes on the bank of an Indiana stream and pretty soon out came a family of otter and climbed up on the bank and slid down the mud slide over and over again like little children. Nothing looks funnier than an otter having a good time, unless it’s a sea otter, which looks even more cherubic.

 

Kenneth Rexroth

 

You will find an allusion to some mysterious cause for a phenomenon in Stocks. It is surmised that the deferred debt is to be taken up at the next session, and some anticipated provision made for it. This may either be an invention of those who wish to sell, or it may be a reality imparted in confidence to the purchasers or smelt out by their sagacity. I have had a hint that something is intended and has dropt from 1 which has led to this speculation. I am unwilling to credit the fact, untill I have further evidence, which I am in a train of getting if it exists. It is said that packet boats & expresses are again sent from this place to the Southern States, to buy up the paper of all sorts which has risen in the market here. These & other abuses make it a problem whether the system of the old paper under a bad Government, or of the new under a good one, be chargeable with the greater substantial injustice. The true difference seems to be that by the former the few were the victims to the many; by the latter the many to the few. It seems agreed on all hands now that the bank is a certain & gratuitous augmentation of the capitals subscribed, in a proportion of not less than 40 or 50 [per cent] and if the deferred debt should be immediately provided for in favor of the purchasers of it in the deferred shape, & since the unanimous vote that no change [should] be made in the funding system, my imagination will not attempt to set bounds to the daring depravity of the times. The stock-jobbers will become the pretorian band of the Government, at once its tool & its tyrant; bribed by its largesses, & overawing it by clamours & combinations. Nothing new from abroad. I shall not be in [Philadelphia] till the close of the Week.

 

James Madison

 

Americans are apt to be unduly interested in discovering what average opinion believes average opinion to be; and this national weakness finds its nemesis in the stock market.

 

John Maynard Keynes