A Quote by Bernard Baruch
A speculator is a man who observes the future, and acts before it occurs.
Related Quotes
One man thinks before he acts. Another man thinks after he acts. Each is of the opinon that the other thinks too much.
The man of true genius never lives before his time, he never undertakes impossibilities, and always embarks on his enterprise at the suitable place and period. Though he may catch a glimpse of the coming light as it gilds the mountain top long before it reaches the eyes of his contemporaries, and he may hazard a prediction as to the future, he acts with the present.
We are convinced that the intelligent investor can derive satisfactory results from pricing of either type (market timing or fundamental analysis via price). We are equally sure that if he places his emphasis on timing, in the sense of forecasting, he will end up as a speculator and with a speculator's financial results." And "The speculator's primary interest lies in anticipating and profiting from market fluctuations. The investor's primary interest lies in acquiring and holding suitable securities at suitable prices.
If a man walks in the woods for love of them half of each day, he is in danger of being regarded as a loafer. But if he spends his days as a speculator, shearing off those woods and making the earth bald before her time, he is deemed an industrious and enterprising citizen.
A speculator is a man who, if he dies at the right time, has a rich widow.
From the example of the past, the man of the present acts prudently so as not to imperil the future.
... yet there is a difference between scientific and artistic observation. The scientist observes to turn away and generalize; the artist observes to seize and use reality in all its individuality and peculiarity.
Just remember, without discipline, a clear strategy, and a concise plan, the speculator will fall into all the emotional pitfalls of the market - jump from one stock to another, hold a losing position too long, and cut out of a winner too soon, for no reason other than fear of losing profit. Greed, Fear, Impatience, Ignorance, and Hope will all fight for mental dominance over the speculator. Then, after a few failures and catastrophes the speculator may become demoralised, depressed, despondent, and abandon the market and the chance to make a fortune from what the market has to offer.
The idea of a rupture between acts occurs in a number of my plays.
A man who has to be convinced to act before he acts is not a man of action. You must act as you breathe.
Malicious acts are performed by people for personal gain … Sorcerers, though, have an ulterior purpose for their acts, which has nothing to do with personal gain. The fact that they enjoy their acts does not count as gain. Rather, it is a condition of their character. The average man acts only if there is a chance for profit. Warriors say they act not for profit but for the spirit.
Traditionally the investor has been the man with patience and the courage of his convictions who would buy when the harried or disheartened speculator was selling.
He who observes the infinite horizons will see the dangers before others.
Consider before acting, to avoid foolishness: It is the worthless man who speaks and acts thoughtlessly.
One can only see what one observes, and one observes only things which are already in the mind.
Man no longer dreams over a book in which a soft voice, a constant companion, observes, exhorts, or sighs with him through the pangs of youth and age. Today he is more likely to sit before a screen and dream the mass dream which comes from outside.
Related Authors
Bill Gates Quotes
American
Businessman
Charlie Munger Quotes
American
Businessman
Dieter F. Uchtdorf Quotes
German
Businessman
Henry Ford Quotes
American
Businessman
Jim Rohn Quotes
American
Businessman
Joseph B. Wirthlin Quotes
American
Businessman
Mark Cuban Quotes
American
Businessman
Mark Zuckerberg Quotes
American
Businessman
Peter Drucker Quotes
American
Businessman
Richard Branson Quotes
British
Businessman
Russell Simmons Quotes
American
Businessman
Sam Altman Quotes
American
Businessman
Steve Jobs Quotes
American
Businessman
Tom Peters Quotes
American
Businessman
Walt Disney Quotes
American
Businessman
Warren Buffett Quotes
American
Businessman