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basant
Admin Group
Joined: 01/Jan/2006
Location: India
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Posts: 18403
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   Posted: 25/Mar/2007 at 12:59pm |
My first wife used to say, “We need a TV.” I said, “What do we need a TV for? Let’s put the money in the market for a little while, and we could have ten TVs.” – James B. Rogers
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
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Posts: 9319
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Posted: 25/Mar/2007 at 9:06am |
My first wife used to say, “We need a TV.” I said, “What do we need a TV for? Let’s put the money in the market for a little while, and we could have ten TVs.” – James B. Rogers
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I know a person who when his wife demanded new gold bangles, instead put the money on MCX gold futures thinking of multiplying jhatpat way. He unfortunately lost it all & had to sell other jewelry to meet margin calls.
Maybe unique; but lesson to be learnt.
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Life can only be understood backwards—but it must be lived forwards
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
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Posts: 18403
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Posted: 25/Mar/2007 at 11:17am |
Originally posted by kulman
My first wife used to say, “We need a TV.” I said, “What do we need a TV for? Let’s put the money in the market for a little while, and we could have ten TVs.” – James B. Rogers
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I know a person who when his wife demanded new gold bangles, instead put the money on MCX gold futures thinking of multiplying jhatpat way. He unfortunately lost it all & had to sell other jewelry to meet margin calls.
Maybe unique; but lesson to be learnt.
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He divorced his first wife because she wanted to buya sofa set and JIm ROgers wanted to trade with that money. Now all wives should know what happens when they want to buy furniture against the husband's wishes.
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
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Posts: 9319
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Posted: 26/Mar/2007 at 5:02pm |
This one is not really a quote on Investing, but it is very very relevant.
What we think, or what we know, or what we believe is, in the end, of little consequence. The only consequence is what we do---John Ruskin
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Life can only be understood backwards—but it must be lived forwards
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deveshkayal
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Joined: 04/Sep/2006
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Posts: 3903
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Posted: 26/Mar/2007 at 5:29pm |
"Never pay the slightest attention to what a company president ever says about his stock."
Bernard Baruch
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"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
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India_Bull
Senior Member
Joined: 19/Sep/2006
Location: United States
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Posts: 2296
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Posted: 26/Mar/2007 at 1:41am |
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“The best time to buy is when blood is running in the streets.”
—Rothschild, Nathan Meyer
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India_Bull forever Bull !
www.kapilcomedynights.com
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
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Posts: 9319
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Posted: 30/Mar/2007 at 12:35pm |
"To speak of day traders in any investment context is silly. These people are fulfilling a need for entertainment and are using the stock market for that."---Bill Nygren
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Life can only be understood backwards—but it must be lived forwards
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
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Posts: 9319
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Posted: 30/Mar/2007 at 10:59am |
With equity investments there is a direct relationship between popularity and risk. The more popular a stock or an industry sector has become, the higher the risk an investment in that area carries. Risk builds in any market as money pours into a particular vehicle. The more the money moves in a particular direction, the higher the risk. Risk is always a moving target, where as concepts such as Beta perceives it as static. In the 1950's it was accepted wisdom that bonds where a low-risk investment, but the 1970's proved this was basically nonsense. The perception of risk and real risk are entirely different things. Market psychology and mechanics make it that way. As people run from the risk that they see in the rear view mirror they tend to rush toward the risks they can not see. The best way to insulate your investments from risk is to avoid the crowd. ---Richard Losch
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Life can only be understood backwards—but it must be lived forwards
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