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Share some of your favorite quotes and sayings.

"A wise man told me don't argue with fools cause people, from a distance, can't tell who is who."—Hova

"Beware of geeks bearing formulas."—Warren Buffet

"A man is a success if he gets up in the morning and goes to bed at night and in between he does what he wants to do."—Bob Dylan

Comments (50)

  • statarbmonkey's picture

    maximustrades wrote:

    "Beware of geeks bearing formulas."—Warren Buffet


    LOL. Warren BUffet is just a man of below average intelligence who used the retard-method of investment- buying stocks then waiting decades for long term growth. Why have money later, when you can have money now? If Warren "Old Fart" Buffet was truly smart, he'd use quantitative methods. His shitty "wait-n-see" method can be easily replicated, and what's the fun in that; if non Wall Streeters can use your strategy?
    ..............................................................................
    http://ittakesanationofhaircutstoholdusback.wordpr...
    It Takes A Nation Of Haircuts To Hold Us Back.

    .........................................................................
    I have a next level rolodex.

  • Marcus_Halberstram's picture

    I arise in the morning torn between a desire to improve the world and a desire to enjoy the world. This makes it hard to plan the day.

    I dreamt that I dwelt in marble halls, With vassals and serfs at my side.

    In the lexicon of youth, which fate reserves for a bright manhood, there is no such word As fail.

    My mother said to me, "If you become a soldier, you'll be a general, if you become a monk you'll end up as the pope." Instead, I became a painter and wound up as Picasso.
    - Pablo Picasso

    My all time favorites:
    I'm cursed with the pursuit of a kind of perfection that doesn't exist and is unnatural.
    - Tom Ford

    I am the greatest, I said that even before I knew I was.
    - You should already know who this is

  • In reply to statarbmonkey
    drexelalum11's picture

    statarbmonkey wrote:

    LOL. Warren BUffet is just a man of below average intelligence who used the retard-method of investment- buying stocks then waiting decades for long term growth. Why have money later, when you can have money now? If Warren "Old Fart" Buffet was truly smart, he'd use quantitative methods. His shitty "wait-n-see" method can be easily replicated, and what's the fun in that; if non Wall Streeters can use your strategy?

    I would so much rather be John Merriwether than Warren Buffett

  • In reply to drexelalum11
    ReadLine's picture

    drexelalum11 wrote:
    statarbmonkey wrote:

    LOL. Warren BUffet is just a man of below average intelligence who used the retard-method of investment- buying stocks then waiting decades for long term growth. Why have money later, when you can have money now? If Warren "Old Fart" Buffet was truly smart, he'd use quantitative methods. His shitty "wait-n-see" method can be easily replicated, and what's the fun in that; if non Wall Streeters can use your strategy?

    I would so much rather be John Merriwether than Warren Buffett

    I would be Warren Buffet- but just not BE him (e.g. not live in the same shitty house since '58, eating cheap burgers with cherry coke)

    If I was him I'd use my stake in goldman to be around some of the best people in finance and know that Im better than all of them. Maybe leisurely tour the gs trading floor throwing insults left and right and then eventually retiring to a plush office near blankfein where I can let my hos do their work.

  • In reply to ReadLine
    renegade10's picture

    Philosopher wrote:
    drexelalum11 wrote:
    statarbmonkey wrote:

    LOL. Warren BUffet is just a man of below average intelligence who used the retard-method of investment- buying stocks then waiting decades for long term growth. Why have money later, when you can have money now? If Warren "Old Fart" Buffet was truly smart, he'd use quantitative methods. His shitty "wait-n-see" method can be easily replicated, and what's the fun in that; if non Wall Streeters can use your strategy?

    I would so much rather be John Merriwether than Warren Buffett

    I would be Warren Buffet- but just not BE him (e.g. not live in the same shitty house since '58, eating cheap burgers with cherry coke)

    If I was him I'd use my stake in goldman to be around some of the best people in finance and know that Im better than all of them. Maybe leisurely tour the gs trading floor throwing insults left and right and then eventually retiring to a plush office near blankfein where I can let my hos do their work.

    Philosopher: you my friend, are an astute young man.

  • In reply to ReadLine
    statarbmonkey's picture

    Philosopher wrote:
    drexelalum11 wrote:
    statarbmonkey wrote:

    LOL. Warren BUffet is just a man of below average intelligence who used the retard-method of investment- buying stocks then waiting decades for long term growth. Why have money later, when you can have money now? If Warren "Old Fart" Buffet was truly smart, he'd use quantitative methods. His shitty "wait-n-see" method can be easily replicated, and what's the fun in that; if non Wall Streeters can use your strategy?

    I would so much rather be John Merriwether than Warren Buffett

    I would be Warren Buffet- but just not BE him (e.g. not live in the same shitty house since '58, eating cheap burgers with cherry coke)

    If I was him I'd use my stake in goldman to be around some of the best people in finance and know that Im better than all of them. Maybe leisurely tour the gs trading floor throwing insults left and right and then eventually retiring to a plush office near blankfein where I can let my hos do their work.


    Buffet is SENILE.
    ..............................................................................
    http://ittakesanationofhaircutstoholdusback.wordpr...
    It Takes A Nation Of Haircuts To Hold Us Back.

    .........................................................................
    I have a next level rolodex.

  • In reply to statarbmonkey
    renegade10's picture

    statarbmonkey wrote:
    Philosopher wrote:
    drexelalum11 wrote:
    statarbmonkey wrote:

    LOL. Warren BUffet is just a man of below average intelligence who used the retard-method of investment- buying stocks then waiting decades for long term growth. Why have money later, when you can have money now? If Warren "Old Fart" Buffet was truly smart, he'd use quantitative methods. His shitty "wait-n-see" method can be easily replicated, and what's the fun in that; if non Wall Streeters can use your strategy?

    I would so much rather be John Merriwether than Warren Buffett

    I would be Warren Buffet- but just not BE him (e.g. not live in the same shitty house since '58, eating cheap burgers with cherry coke)

    If I was him I'd use my stake in goldman to be around some of the best people in finance and know that Im better than all of them. Maybe leisurely tour the gs trading floor throwing insults left and right and then eventually retiring to a plush office near blankfein where I can let my hos do their work.


    Buffet is SENILE.
    ..............................................................................
    http://ittakesanationofhaircutstoholdusback.wordpr...
    It Takes A Nation Of Haircuts To Hold Us Back.

    Statarb: in the investment realm, talk is cheap.

  • bearing's picture

    This is a monologue rather then a quote but I think about it time to time:

    "It's harder to make $200-300k than it is to make $10 million. Think about it--nearly everyone is competing for those mid-level executive jobs; you've got competition from some of the most intelligent people in the business world, who went to the top schools, have the top grades, have the best credentials, and many of these people are absolutely dedicated to otherwise mundane jobs and industries. But look at me--I'm an average guy of average intelligence, I had some simple ideas that I pursued, I worked hard, and here I am today. It's the first $1 million that is hard to make--after that, for most people, it starts to flow--money begats money."

  • DontMakeMeShortYou's picture

    Excellence can be attained if you care more than others think is wise, risk more than others think is safe, dream more than others think is practical, and expect more than others think is possible.

    Impossible is just a big word thrown around by small men who find it easier to live in the world they've been given than to explore the power they have to change it. Impossible is not a fact. It's an opinion. Impossible is not a declaration. It's a dare. Impossible is potential. Impossible is temporary. Impossible is nothing.

    I can accept anything, except what seems to be the easiest for most people: the half-way, the almost, the just-about, the in-between.

    Do not let your fire go out, spark by irreplacable spark. In the hopeless swamps of the not quite, the not yet, and the not at all, do not let the hero in your soul perish and leave only frustration for the life you deserved, but never have been able to reach. The world you desire can be won, it exists, it is real, it is possible, it is yours.

    Only a man who knows what it is like to be defeated can reach down to the bottom of his soul and come up with the extra ounce of power it takes to win.

  • quant2000's picture

    Part of the $10 million I spent on gambling, part on booze and part on women. The rest I spent foolishly.

    George Best

    Nothing in this world can take the place of persistence. Talent will not; nothing is more common than unsuccessful people with talent. Genius will not; unrewarded genius is almost a proverb.

    Calvin Coolidge

  • jjk's picture

    I'm not much of a poetry buff, but William Ernest Henley's Invictus gets my vote for its badass factor.

    "OUT of the night that covers me,
    Black as the Pit from pole to pole,
    I thank whatever gods may be
    For my unconquerable soul.

    In the fell clutch of circumstance
    I have not winced nor cried aloud.
    Under the bludgeonings of chance
    My head is bloody, but unbowed.

    Beyond this place of wrath and tears
    Looms but the Horror of the shade,
    And yet the menace of the years
    Finds, and shall find, me unafraid.

    It matters not how strait the gate,
    How charged with punishments the scroll,
    I am the master of my fate:
    I am the captain of my soul."

  • Bondarb's picture

    ...the guy has already blown up twice. Buffett is a long-only trader who stumbled into a great bull market and his legend is mostly an invention of media and self-promotion but at least he has a positive lifetime P&L unlike Merryweather who is down massively overall.

    My favorite trading quote:

    "The only way to make alot of money is to add to winning trades, the only way to lose alot money is to add to losing trades"

  • In reply to Bondarb
    drexelalum11's picture

    Bondarb wrote:
    Merryweather is a joke...

    ...the guy has already blown up twice. Buffett is a long-only trader who stumbled into a great bull market and his legend is mostly an invention of media and self-promotion but at least he has a positive lifetime P&L unlike Merryweather who is down massively overall.

    but I do hope everyone realizes I was being sarcastic. Though I do agree Buffett is woefully overrated.

  • ReadLine's picture

    Quote:
    If Warren "Old Fart" Buffet was truly smart, he'd use quantitative methods. His shitty "wait-n-see" method can be easily replicated, and what's the fun in that; if non Wall Streeters can use your strategy?

    traditional quant finance techniques are ridiculously common place now too and overly replicated. Some time series analysis and asset pricing is not god's work. why do you think quant funds have been increasingly correlated.

    in any case, warren looks for alpha and not "coolness" of technique. Last year he happened to find it using complex currency strategies on the brazilian real.

  • Marcus_Halberstram's picture

    IMO quant strategies work because of the irrationality in the market. Investors are, for the most part, very myopic and short-term oriented. If there was an article in the paper about Sergey Brin having bloody diarrhea Google stock will drop 5%. In addition to the daily tides of optimism and pessimism that change the valuation of a business according to the stock market... if you're a businessman, a real businessman, not in finance, you know what a business a truly worth and it doesn't increase/decrease 10-15% in a day because a company delayed the release of a product by 45 days. Investors are generally pretty stupid and look at little pieces of news, often insignificant as indicators/signals as to the value of a business. Its a common joke amongst some people I know that even if you had an abundance of insider information, it is often impossible to know what will be a market mover and what will not. Case in point, the PALM presentation at a conference a few months back that made their stock jump something like 20-35%.

    Back to my original point, Buffet makes money because he is a businessman. Some quant traders make money because they have statistically captured a very tiny piece of a live wave of irrationality in the market.

  • In reply to Marcus_Halberstram
    ReadLine's picture

    Marcus_Halberstram wrote:
    Some quant traders make money because they have statistically captured a very tiny piece of a live wave of irrationality in the market.

    please do explain what a "tiny piece of a live wave of irrationality" is (you can't model irrationality if thats what you're implying- what, do you know/understand everyone's aggregated irrational thoughts?). you're talking about equities. and quant strategies in equities is 99% quantitative equity market-neutral funds using computer programs to shift through financial data looking for parameters to construct l/s equity combos to be beta/dollar/sector/etc neutral. basically a l/s fund using statistics/correlations rather than fundamental analysis. not as impressive as "live waves of irrationality" unfortunately.

    Quote:
    I'm not a Buffet guy but he blows away Meriwether. Have you guys ever heard of LTCM?

    Buffet is not a latent transsexual cock muncher. And I don't think he has ever blown anyone.

  • v's picture

    A lie gets halfway around the world before the truth has a chance to get its pants on - Churchill

    Only two things are infinite, the universe and human stupidity, and I'm not sure about the former - Einstein

    Only two things are infinite, the universe and human stupidity, and I'm not sure about the former.

  • junkbondswap's picture

    You find out life's this game of inches. And so is football. Because in either game, life or football, the margin for error is so small. I mean... one half a step too late or too early and you don't quite make it. One half second too slow too fast, you don't quite catch it. The inches we need are everywhere around us. They are in every break of the game, every minute, every second. On this team, we fight for that inch. On this team, we tear ourselves and everyone else around us to pieces for that inch. We claw with our fingernails for that inch. Because we know when we add up all those inches, that's gonna make the fucking difference between winning and losing! Between living and dying! I'll tell you this - in any fight, its the guy whose willing to die who's gonna win that inch. - Pacino Any Given Sunday

  • Bowser's picture

    I choose to live by a few of its most memorable quotes, majority of which are from Bodhi (Patrick Swayze).

    Bodhi: "If you want the ultimate, you've got to be willing to pay the ultimate price. It's not tragic to die doing what you love."

    Bohdi: "Fear causes hesitation, and hesitation will cause your worst fears to come true."

    Bodhi: "Goddamn! You are one radical son of a bitch!" (that's what I say every morning when I look in the mirror)

    Bodhi: "What's the matter with you guys? This was never about the money, this was about us against the system. That system that kills the human spirit. We stand for something. We are here to show those guys that are inching their way on the freeways in their metal coffins that the human sprit is still alive."

  • Gorilla Whale's picture

    Guys, Buffett is a retard. Let's face it: most of what he said he did is probably all lies anyway. Furthermore, he is a douchebag for insisting on the second 't' in his name. Otherwise, his name would be buffet, and as we all know, buffets are awesome.

    +1 statarbmonkey, my brother in ass-kickery

  • Boutique Banking's picture

    1. "I do not think that there is any quality so essential to success of any kind as the quality of perseverance. It overcomes almost everything, even nature."
    -John Rockefeller

    2. "You can have it if you want to live it Agora Fucking Hills, but if you want a Beverly Hills mansion and a country club membership and six weeks a year in a Tuscan villa then I'm going to have to take a call when it comes at noon on a mother fucking Wednesday!"
    -Ari Gold (This is a close 2nd)

    3. "See you are what you are in this world, that's either one of two things. Either your somebody or you aint nobody."
    -Frank Lucas (American Gangster)

    4. "I had a flair for languages, but I soon discovered what talks best is dollars, dinars, drachmas, rubles, rupees and pounds fucking sterling.
    -Lord of War

    5. "I'm the greatest, I knew it even before I was."
    -Muhammad Ali

  • In reply to Boutique Banking
    Marcus_Halberstram's picture

    Boutique Banking wrote:
    1. "I do not think that there is any quality so essential to success of any kind as the quality of perseverance. It overcomes almost everything, even nature."
    -John Rockefeller

    I like that one alot.

    There's one that has something to do with "a man knows his life is worth living if with every action he feels as though he is laying the stone of the world" I know I completely butchered it and it is probably not very accurate to what the original is, but I just remember a few small pieces and I recall that I really liked it, but don't remember it exactly or who said it.

    Anyone know?

  • BroadStreetBully's picture

    Sincerely,
    BroadStreetBully

    ---------------------------------------------------
    "Everybody needs money. That's why they call it money."-Heist 2001