A Quote by Adam Smith

When the profits of trade happen to be greater than ordinary, over-trading becomes a general error both among great and small dealers.

Adam Smith

Quote Topics

Among Becomes Both Dealers Error General Great Greater Happen Ordinary Over Profits Small Than Trade Trading

Quote Author

Adam Smith
Scottish - Economist
June 5, 1723 - July 17, 1790

It may happen that small differences in the initial conditions produce very great ones in the final phenomena. A small error in the former will produce an enormous error in the later. Prediction becomes impossible, and we have the fortuitous phenomena.

Henri Poincare

As long as I can remember I feel I have had this great creative and spiritual force within me that is greater than faith, greater than ambition, greater than confidence, greater than determination, greater than vision. It is all these combined. My brain becomes magnetized with this dominating force which I hold in my hand.

Bruce Lee

You must ignore what everyone else is doing and trade only when you feel the odds are in your favor. In short, trade only when you and you alone are comfortable that the expected return of your trades will be positive. That might mean you'll have to sit out a few parties, but it will also mean that you'll have more profits over the course of your trading career.

Gary B Smith

Life can be lived at a remove. You trade in futures, and then you trade in derivatives of futures. Banks make more money trading derivatives than they do trading actual commodities.

Sebastian Faulks

Error is not just acceptable, it is necessary for the continuation of life, provided it is not too great. A large error is a catastrophe, a small error is essential for enhancing existence. Without error, there is no movement. Death follows.

Jacques Lecoq

The Internet rewards scale; by trading higher up-front costs for lower marginal cost, market leaders can invest in better technology and service. As a result, there is nothing online that is both great in quality and small in scale. Amazon wasn't originally a better bookstore than the small shops we mourn, but it is now.

John Katzman

Don’t ever average losers. Decrease your trading volume when you are trading poorly; increase your volume when you are trading well. Never trade in situations where you don’t have control. For example, I don’t risk significant amounts of money in front of key reports, since that is gambling, not trading.

Paul Tudor Jones

As Attraction is stronger in small Magnets than in great ones in proportion to their Bulk, and Gravity is greater in the Surfaces of small Planets than in those of great ones in proportion to their bulk, and small Bodies are agitated much more by electric attraction than great ones; so the smallness of the Rays of Light may contribute very much to the power of the Agent by which they are refracted.

Isaac Newton

Therefore, if a great kingdom humbles itself before a small kingdom, it shall make that small kingdom its prize. And if a small kingdom humbles itself before a great kingdom, it shall win over that great kingdom. Thus the one humbles itself in order to attain, the other attains because it is humble. If the great kingdom has no further desire than to bring men together and to nourish them, the small kingdom will have no further desire than to enter the service of the other. But in order that both may have their desire, the great one must learn humility.

Laozi

Too many countries that do not play by the free trade rules of the World Trade Organization - including, notably mercantilist China and monopolist Saudi Arabia - have been allowed in, to the detriment of both the WTO and the liberal trading environment it is supposed to sponsor.

Frank Gaffney

While free trade purists have always rejected regional and plurilateral trading arrangements, the WTO's charter chose to be pragmatic and regarded RTAs and FTAs as building blocks of, rather than barriers to, the multilateral trading system.

Sanjaya Baru

Profits are the driving force of the market economy. The greater the profits, the better the needs of the consumers are supplied... He who serves the public best, makes the highest profits.

Ludwig von Mises

Derivative trading with mark-to-market accounting degenerates into mark-to-model. Two firms make a big derivative trade and the accountants on both sides show a large profit from the same trade.

Charlie Munger

Over the years, the technology of trade has changed in response to advances in the ability to communicate. From its origins on the streets of Chicago, the Board of Trade moved to a building housing 'trading pits' for the open-outcry exchange by brokers representing buyers and sellers.

Dale T. Mortensen

You can walk with the Shintoist through his sacred groves, or chant an affirmation with the Hindu on the banks of the Ganges...and still be a student of Unity... As the Christ becomes greater to you in Unity, the Buddha also becomes greater, and the greater the Buddha becomes, the greater the Christ becomes.