In trading/ investing it's not about how much you make, but how much you don't lose

Colleges don't teach economics properly. Unfortunately we learn little from the experience of the past. An economist must know, besides his subject, ethics, logic, philosophy, the humanities and sociology, in fact everything that is part of how we live and react to one another.

Our problem in money-making or government affairs is how to remain properly venturesome and experimental without making fools of ourselves.

Chance sometimes opens the door, but luck belongs to the good players.

All economic movements, by their very nature, are motivated by crowd psychology.

None of us can be free of conflict and woe. Even the greatest men have had to accept disappointments as their daily bread. ... The art of living lies less in eliminating our troubles than in growing with them.

There is something about inside information which seems to paralyze a man's reasoning powers.