Favorite All Time Quotes?
I would like to present this question to all those in the WSO community: what is one of your favorite quotes? Could be from absolutely anything.
I would like to present this question to all those in the WSO community: what is one of your favorite quotes? Could be from absolutely anything.
+95 | Are you “less ambitious” for having long term goals outside of NYC | 24 | 19h | |
+43 | Interviews Are So Fake | 27 | 56m | |
+33 | 2024 UK Election - Tories finished? | 21 | 3s | |
+29 | Being Christian in investment banking | 14 | 1d | |
+26 | Is my boss gaslighting me? | 3 | 6d | |
+23 | Non-Competes Banned | 21 | 1h | |
+21 | Sabotaging Peers to Get Ahead? | 34 | 4d | |
How do I become Sigma | 13 | 5h | ||
+18 | Moelis has the cutest Analysts? | 4 | 20h | |
+18 | Best NYC neighborhood for single 30M | 12 | 2d |
Career Resources
"Okay, but just the tip."
We have arrived.
Mine is -"When people hurt you over and over, think of them like sandpaper. They may scratch and hurt you a bit, but in the end, you end up polished and they end up useless." Personally truth experience.
Off top of my head this is my pick: "You can't connect the dots looking forward; you can only connect them looking backwards. So you have to trust that the dots will somehow connect in your future. You have to trust in something — your gut, destiny, life, karma, whatever." - Steve Jobs
One of my favorite Steve Jobs quotes is, "Do you want to spend the rest of your life selling sugared water or do you want a chance to change the world?"
"Well that's fantastic, a really smart decision young man. We can put that check in a money market mutual fund that will reinvest the earnings into foreign currency accounts with compounding interest - aaaaand it's gone!"
Not a quote, but actually a poem that has always inspired me: "It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat."
this one
That's not a poem. It's an excerpt from a speech given by Teddy Roosevelt.
Do you like Huey Lewis and The News?
"Fuck you you fucking fuck" -- Unknown
"Like a blind man at an orgy, I am going to have to feel things out."
Yes! Love Naked Gun
"I will see it through the fingers" ~Dutchman that was unaware that this the phrase doesn't work in any other language than Dutch.
get money fuck bitches - god
isn't it, fuck bitches get money?
look at this time capsule huh
Tarantino Pulp Fiction Scene (DNS)
“I’m frightened of eggs, worse than frightened, they revolt me. That white round thing without any holes … have you ever seen anything more revolting than an egg yolk breaking and spilling its yellow liquid? Blood is jolly, red. But egg yolk is yellow, revolting. I’ve never tasted it.”
So no egg for Hitchock but 3 steaks and souffle for breakfast is OK.
"Life is hard -- but it's harder if you're stupid."
Pretty much.
"Ideas are more powerful than guns. We would not let our enemies have guns, why should we let them have ideas."---Joseph Stalin
"Feminism was established so as to allow unattractive women easier access to the mainstream." R Limbaugh.
In all fairness, I think Rush is a nutjob with some of his views. But this makes sense. You don't really find any really, really attractive (non celebrity) women touting feminist ideology.
"When men are the most sure and arrogant, they are commonly the most mistaken, and have there given reins to passion" - David Hume
Very finance-relevant, good for self monitoring
(Excerpted line)
"Nothing gold can stay." -Frost
"Fortune favors the bold."
"All men dream, but not equally. Those who dream by night in the dusty recesses of their minds, wake in the day to find that it was vanity. But the dreamers of the day are dangerous men, for they may act on their dreams with open eyes, to make them possible."
"Chance favors only the prepared mind."
"The truth is rarely pure and never simple."
"We shall not cease from exploration, and the end of all our exploring will be to arrive where we started and know the place for the first time."
"Not all those who wander are lost."
"This too shall pass."
"Most people are other people. Their thoughts are someone else's opinions, their lives a mimicry, their passions a quotation."
"A dreamer is one who can only find his way by moonlight, and his punishment is that he sees the dawn before the rest of the world."
"Education is an admirable thing, but it is well to remember from time to time that nothing that is worth knowing can be taught."
“The world is a stage, but the play is badly cast.” -Oscar Wilde
"You want it to be one way...but it's the other way." -Marlo from The Wire
Whether Christian or not, I believe that Niebuhr's serenity prayer is of some relevance for almost everyone on WSO. God, grant me the serenity to accept the things I cannot change, Courage to change the things I can, And wisdom to know the difference.
"Serenity Now!"
Well played, +SB. Let me know when it's time for the Feats of Strength.
Love this one personally. I went to a Catholic private school and in my religion class my teacher had this prayer cube and at the beginning of class he would give it to someone to read a prayer off of it. The prayer you listed was one of the prayers on the cube and a personal favorite of mine to read.
Two forms of government are favorable to the prevalence of falsehood and deceit. Under a Despotism, men are false, treacherous, and deceitful through fear, like slaves dreading the lash. Under a Democracy they are so as a means of attaining popularity and office, and because of the greed for wealth. Experience will probably prove that these odious and detestable vices will grow most rankly and spread most rapidly in a Republic. When office and wealth become the gods of a people, and the most unworthy and unfit most aspire to the former, and fraud becomes the highway to the latter, the land will reek with falsehood and sweat lies and chicane. When the offices are open to all, merit and stern integrity and the dignity of unsullied honor will attain them only rarely and by accident. To be able to serve the country well, will cease to be a reason why the great and wise and learned should be selected to render service. Other qualifications, less honorable, will be more available. To adapt one's opinions to the popular humor; to defend, apologize for, and justify the popular follies; to advocate the expedient and the plausible; to caress, cajole, and flatter the elector; to beg like a spaniel for his vote, even if he be a negro three removes from barbarism; to profess friendship for a competitor and stab him by innuendo; to set on foot that which at third hand shall become a lie, being cousin-german to it when uttered, and yet capable of being explained away,--who is there that has not seen these low arts and base appliances put into practice, and becoming general, until success cannot be surely had by any more honorable means?--the result being a State ruled and ruined by ignorant and shallow mediocrity, pert self-conceit, the greenness of unripe intellect, vain of a school-boy's smattering of knowledge.
The faithless and the false in public and in political life, will be faithless and false in private. The jockey in politics, like the jockey on the race-course, is rotten from skin to core. Everywhere he will see first to his own interests, and whoso leans on him will be pierced with a broken reed. His ambition is ignoble, like himself; and therefore he will seek to attain office by ignoble means, as he will seek to attain any other coveted object,--land, money, or reputation.
At length, office and honor are divorced. The place that the small and shallow, the knave or the trickster, is deemed competent and fit to fill, ceases to be worthy the ambition of the great and capable; or if not, these shrink from a contest, the weapons to be used wherein are unfit for a gentleman to handle. Then the habits of unprincipled advocates in law courts are naturalized in Senates, and pettifoggers wrangle there, when the fate of the nation and the lives of millions are at stake. States are even begotten by villainy and brought forth by fraud, and rascalities are justified by legislators claiming to be honorable. Then contested elections are decided by perjured votes or party considerations; and all the practices of the worst times of corruption are revived and exaggerated in Republics.
It is strange that reverence for truth, that manliness and genuine loyalty, and scorn of littleness and unfair advantage, and genuine faith and godliness and large-heartedness should diminish, among statesmen and people, as civilization advances, and freedom becomes more general, and universal suffrage implies universal worth and fitness! In the age of Elizabeth, without universal suffrage, or Societies for the Diffusion of Useful Knowledge, or popular lecturers, or Lycæa, the statesman, the merchant, the burgher, the sailor, were all alike heroic, fearing God only, and man not at all. Let but a hundred or two years elapse, and in a Monarchy or Republic of the same race, nothing is less heroic than the merchant, the shrewd speculator, the office-seeker, fearing man only, and God not at all. Reverence for greatness dies out, and is succeeded by base envy of greatness. Every man is in the way of many, either in the path to popularity or wealth. There is a general feeling of satisfaction when a great statesman is displaced, or a general, who has been for his brief hour the popular idol, is unfortunate and sinks from his high estate. It becomes a misfortune, if not a crime, to be above the popular level.
We should naturally suppose that a nation in distress would take counsel with the wisest of its sons. But, on the contrary, great men seem never so scarce as when they are most needed, and small men never so bold to insist on infesting place, as when mediocrity and incapable pretence and sophomoric greenness, and showy and sprightly incompetency are most dangerous. When France was in the extremity of revolutionary agony, she was governed by an assembly of provincial pettifoggers, and Robespierre, Marat, and Couthon ruled in the place of Mirabeau, Vergniaud, and Carnot. England was governed by the Rump Parliament, after she had beheaded her king. Cromwell extinguished one body, and Napoleon the other.
Fraud, falsehood, trickery, and deceit in national affairs are the signs of decadence in States and precede convulsions or paralysis. To bully the weak and crouch to the strong, is the policy of nations governed by small mediocrity. The tricks of the canvass for office are re-enacted in Senates. The Executive becomes the dispenser of patronage, chiefly to the most unworthy; and men are bribed with offices instead of money, to the greater ruin of the Commonwealth. The Divine in human nature disappears, and interest, greed, and selfishness takes it place. That is a sad and true allegory which represents the companions of Ulysses changed by the enchantments of Circe into swine.
tldr
Just read the first few sentences
"I have a life. And it only goes in one direction: Forward." Don Draper
Reminds me of a Ten Foot Pole song, Forward. Going forward, never straight.
inb4 all the American Psycho quotes >___>
A few of my favourites:
“We're born alone, live alone, and die alone. Only through our love and friendship can we create the illusion that we're not alone.” -Orson Welles
"The greatest pleasure in life is doing what people say you cannot do." -Walter Bagehot
"I'm tough, ambitious, and I know exactly what I want. If that makes me a bitch, okay." -Madonna
“Courage does not always roar. Sometimes courage is the quiet voice at the end of the day saying, ‘I will try again tomorrow.” -Mary Anne Radmacher
Do we live alone? I don't think I do.......do you?
Do we die alone? Many more people do than general living or during birth. Ultimately, nobody is going with you, so I would agree you're dying alone. Maybe if you are in a Kool-Aid drinking session, that might not be true, but not really pertinent. You're still dying by yourself even if dying in the vicinity of others.
Heidegger would agree. Death is the only experience of being (dasein) that is uniquely one's own.
"It doesn't matter if a cat is black or white, so long as it catches mice." - Deng Xiaopeng (Replaced Mao and made China an economic giant)
"I think any man in business would be foolish to fool around with his secretary. If it's somebody else's secretary, fine." - Barry Goldwater (Republican Nominee for POTUS in 1964)
"Mark my word, if and when these preachers get control of the [Republican] party, and they're sure trying to do so, it's going to be a terrible damn problem. Frankly, these people frighten me. Politics and governing demand compromise. But these Christians believe they are acting in the name of God, so they can't and won't compromise. I know, I've tried to deal with them." - Barry Goldwater (Republican Nominee for POTUS in 1964)
"You can judge a society by how well it treats its prisoners" - Fyodor Dostoevsky
"Americans can always be counted on to do the right thing…after they have exhausted all other possibilities." - Winston Churchill
"One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors" - Plato
"The sea was angry that day, my friends!"
like an old man trying to send back soup in a deli.
incredible monologue. heard that he only had to look at the script a couple of times and he nailed it then and there.
Is anyone here a marine biologist!?
"Auto-correct can go straight to he'll"
Les statistiques, c'est comme le bikini: ça donne des idées mais ça cache l'essentiel
“Janice, I apologize to you if I don’t seem real eager to jump into a forced awkward intimate situation that people like to call dating. I don’t like the feeling. You’re sitting there, you’re wondering do I have food on my face, am I eating, am I talking too much, are they talking enough, am I interested I’m not really interested, should I play like I’m interested but I’m not that interested, but I think she might be interested but do I want to be interested, but now she’s not interested? So all of the sudden I’m getting, I’m starting to get interested… And when am I supposed to kiss her? Do I have to wait for the door cause then it’s awkward, it’s like well goodnight. Do you do like that ass-out hug? Where you like, you hug each other like this and your ass sticks out cause you’re trying not to get too close or do you just go right in and kiss them on the lips or don’t kiss them at all? It’s very difficult trying to read the situation. And all the while you’re just really wondering are we gonna get hopped up enough to make some bad decisions? Perhaps play a little game called ‘just the tip.’ Just for a second, just to see how it feels. Or, ouch, ouch you’re on my hair.” – Jeremy (Wedding Crashers)
“It's frightening to think that you might not know something, but more frightening to think that, by and large, the world is run by people who have faith that they know exactly what is going on.”
― Amos Tversky
I personally love that one line from Frogman's Ballad: "Anything in life worth doing is worth overdoing. Moderation is for cowards."
"I'm not here for a long time, I'm here for a good time."
Fuck it. We'll do it live.
It aint about what you know; it's about who you know.
related: It aint the grades you make; it's the hands you shake.
For f--k's sake, we all work/want to work in Wall Street. There is only one truth: Greed is good. (Long live Gekko the Great).
"I don't use quotes, I make them." - Me
simply: it's a zero sum game
Everything Churchill Everything Wilde Everything Founding Father's Everything Seneca
Fight and you may die. Run and you'll live, at least for a while. But dying in your beds, years from now, would you be willing to trade all the days from this day to that for one chance. JUST ONE CHANCE. To come back here. and tell our enemies. That they may take our lives. but they'll never take our FREEEEEEEEEEEEEEEEEDOOOOOOOOOOOOMMMMMMMMMMMMMMMMMMMMMM
"Grab them by the pussy"- 45th and current President of the United States
discipline equals freedom
"Practice does not make perfect, perfect practice makes perfect"; I guess for more originality "There is more than one way to the top of the mountain"
Remembering that you're going to die is the best way to avoid the trap of thinking you have something to lose
Your only exit opp is death
While a bit bleak, it actually does put things into perspective. Essentially, "What's the worse that could happen, you die?"
Society grows when old men plant trees in whose shade they shall never sit
"Cover me, ya limp-dick fuckups!" - Kirk Lazarus as Sgt. Lincoln Osiris, Tropic Thunder
“Only optimists commit suicide, optimists who no longer succeed at being optimists. The others, having no reason to live, why would they have any to die?”
― Emil M. Cioran
The unexamined life is not worth living. -Socrates
For me, to be a saint is to be myself. - Thomas Merton
Favorite Quotations (Originally Posted: 06/27/2009)
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
Hey ma if you could see me now Arms spread wide on the starboard bow Gonna fly this boat to the moon somehow Like Kevin Garnett, anything is possible
"I love me some me"
Terrel Owens
People will never be reliable, but money makes them predictable.
The WSO Guide to Understanding TARP
If you pay peanuts, you get monkeys
.............................................................................. http://ittakesanationofhaircutstoholdusback.wordpress.com/ It Takes A Nation Of Haircuts To Hold Us Back.
I would so much rather be John Merriwether than Warren Buffett
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
Friends is friends...money's money
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."
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.
ZXC
"Everybody needs money. That's why they call it money."-Heist 2001
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
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."
"This ain't Main Street baby, this is WALL STREET!"
There's only 2 types of men on Wall Street: Standard or Poor.
Paraphase from a TV special on Joseph Jett. LOL.
...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"
but I do hope everyone realizes I was being sarcastic. Though I do agree Buffett is woefully overrated.
I had an offer w/ JWM. Buffet sucks balls. .............................................................................. http://ittakesanationofhaircutstoholdusback.wordpress.com/ It Takes A Nation Of Haircuts To Hold Us Back.
(One of) my favorite quotes:
Those who do not learn from history are doomed to repeat it.
Tetris? big-polo?
Darn, too bad you didn't take the JWM offer, eh stat arb?
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.
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.
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.
Buffet is not a latent transsexual cock muncher. And I don't think he has ever blown anyone.
I'm not a Buffet guy but he blows away Meriwether. Have you guys ever heard of LTCM?
Meriwether is? Now I understand why Michael Lewis liked him so much.
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
"Football is not a contact sport, it's a collision sport - dancing is a contact sport." -Vince Lombardi
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
A pack of lions led by a sheep is no match for a pack of sheep led by a lion.
The WSO Guide to Understanding TARP
To defeat me its going to take more than guts, you need the eye of the tiger, heart of a lion, and King Kongs nuts.
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."
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
"Fuck you. You want you want an A? Here's you fucking A. Now get out!" -U.Penn. Professor, after I spent an hour arguing on how the quality of my papers warranted an A in his(her) course.
"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
"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)
"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)
"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
"I'm the greatest, I knew it even before I was." -Muhammad Ali
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?
From the Aeneid written by Virgil in about 20 BC:
Audentes Fortuna Iuvat
Fortune favors the brave.
The WSO Guide to Understanding TARP
My offer is this: nothing (Michael Corleone)
I have a rocket arm, a monster cock and the brain of a scientist (Kenny Powers)
"Say hello to the man, goodbye to the gigolo."—Nastradamus
All eminently quotable...
The WSO Guide to Understanding TARP
"You can put a cat in the oven but that don't make it a biscuit."
-Wesley Snipes
I would like you to imagine a national coin-flipping contest. Let's assume we get 225 million Americans up tomorrow morning and we ask them all to wager a dollar. They go out in the morning at sunrise, and they all call the flip of a coin. If they call correctly, they win a dollar from those who called wrong. Each day the losers drop out, and on the subsequent day the stakes build as all previous winnings are put on the line. After ten flips on ten mornings, there will be approximately 220,000 people in the United States who have correctly called ten flips in a row. They each will have won a little over $1,000.
Now this group will probably start getting a little puffed up about this, human nature being what it is. They may try to be modest, but at cocktail parties they will occasionally admit to attractive members of the opposite sex what their technique is, and what marvelous insights they bring to the field of flipping.
Assuming that the winners are getting the appropriate rewards from the losers, in another ten days we will have 215 people who have successfully called their coin flips 20 times in a row and who, by this exercise, each have turned one dollar into a little over $1 million. $225 million would have been lost, $225 million would have been won.
By then, this group will really lose their heads. They will probably write books on "How I turned a Dollar into a Million in Twenty Days Working Thirty Seconds a Morning." Worse yet, they'll probably start jetting around the country attending seminars on efficient coin-flipping and tackling skeptical professors with, " If it can't be done, why are there 215 of us?"
By then some business school professor will probably be rude enough to bring up the fact that if 225 million orangutans had engaged in a similar exercise, the results would be much the same - 215 egotistical orangutans with 20 straight winning flips.
Warren Buffett
If you can keep your head when all about you Are losing theirs and blaming it on you; If you can trust yourself when all men doubt you, But make allowance for their doubting too; If you can wait and not be tired by waiting, Or being lied about, don't deal in lies, Or being hated, don't give way to hating, And yet don't look too good, nor talk too wise;
If you can dream - and not make dreams your master; If you can think - and not make thoughts your aim; If you can meet with Triumph and Disaster And treat those two impostors just the same; If you can bear to hear the truth you've spoken Twisted by knaves to make a trap for fools, Or watch the things you gave your life to, broken, And stoop and build 'em up with worn-out tools;
If you can make one heap of all your winnings And risk it all on one turn of pitch-and-toss, And lose, and start again at your beginnings And never breath a word about your loss; If you can force your heart and nerve and sinew To serve your turn long after they are gone, And so hold on when there is nothing in you Except the Will which says to them: "Hold on!";
If you can talk with crowds and keep your virtue, Or walk with kings - nor lose the common touch; If neither foes nor loving friends can hurt you; If all men count with you, but none too much; If you can fill the unforgiving minute With sixty seconds' worth of distance run - Yours is the Earth and everything that's in it, And - which is more - you'll be a Man, my son!
Sincerely, Da BroadStreetBully
"Everybody needs money. That's why they call it money."-Heist 2001
"Markets can remain irrational more than you can remain solvent." - John Keynes
"You get three names your entire life. The name your parents give you, the last name you inherit, and the name you make for yourself."
"They don't think it be like it is, but it do" - Oscar Gamble
“That's the whole challenge of life - to act with honor and hope and generosity, no whatter what you've drawn. You can't help when or what you were born, you may not be able to help how you die; but you can - and you should - try to pass the days between as a good man.” - Anton Myrer, ‘Once an Eagle’
“Proper planning and preparation prevents piss poor performance.”
“Fortune favors the bold.” - Latin proverb
“Tho' much is taken, much abides; and tho' We are not now that strength which in old days Moved earth and heaven, that which we are, we are; One equal temper of heroic hearts, Made weak by time and fate, but strong in will To strive, to seek, to find, and not to yield.” - Alfred Tennyson, “Ulysses”
"What goes around comes around"
Do you know whats real, and whats is a lie
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