Anything commodity-like will be sold online. The world is going to trade commodities like it trades stocks.
People have been like 'well you need millions of dollars to buy and sell stocks.' That sort of idea was thrown out of the window with online brokerages like E-trade and Fidelity, and today, we think that you don't even need thousands of dollars to trade stocks.
Great art is not instant. It comes from experience, it comes from a place within. If you're trying to generate material, then you're going to generate stuff. It's not going to be great, it's just going to be stuff.
[Donald Trump rhetoric]this is a common rhetorical line used by people who are against free trade that say, we're in favor of trade; we just don't like any of the free trade deals that America has actually signed onto.
We must not fall into the mistake of thinking that it is America that trades with Taiwan or Europe that trades with Asia. The truth is that it is American companies that trade with Taiwanese companies.
I play baseball. I don't deal with trades, free agency, any of that stuff.
The idea of a financial transaction tax on Wall Street trades is gaining momentum. I have a bill called - nicknamed the Robin Hood tax also. It's a bill that taxes stock trades, derivatives and bonds, and would generate in the neighborhood of $300 billion a year.
We've been the foolish country for so long with this free trade, but it's not free trade because it's - you know, just doesn't work. I mean, it's not working. You look at the deficits we have.
I love free trade. I love the concept of free trade. Everything about it is good. I went to the Wharton School of Finance. They say, Let's go free trade.
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.
When war becomes a trade, it benefits, like all other trades, from the division of labour.
Soros is the best loss taker I've ever seen. He doesn't care whether he wins or loses on a trade. If a trade doesn't work, he's confident enough about his ability to win on other trades. There are a lot of shoes on the shelf; wear only the ones that fit. If you're extremely confident, taking a loss doesn't bother you.
My percentage of winners is only about 50/50, because I cut my losers very quickly. The maximum loss I allow is 7%, and usually I am out of a losing stock a lot quicker. I make my money on the few stocks a year that double and triple in price. The profits in those trades easily makes up for all the small losers.
Protectionism is a misnomer. The only people protected by tariffs, quotas and trade restrictions are those engaged in uneconomic and wasteful activity. Free trade is the only philosophy compatible with international peace and prosperity.
America has an important role to play as the world leader in creating a global order, free trade, free waterways, free commerce, free movement of people. That happens because of U.S. military might.
I'm big into stocks. I've invested in a lot of stocks. One day I was talking to my accountant, and he was like, "Yo, what if I could turn a million dollars into $20 million?"