A Quote by Bernard Madoff
The person that is buying a share of stock is convinced he knows something that the other person who's selling it to him does not know. There's no zero sum game in Wall Street.
Related Quotes
Nowhere does history indulge in repetitions so often or so uniformly as in Wall Street. When you read contemporary accounts of booms or panics, the one thing that strikes you most forcibly is how little either stock speculation or stock speculators today differ from yesterday. The game does not change and neither does human nature.
The media and marketing deluge has spawned a new type of Wall Street loser: the armchair momentum player. These are novice investors who engage in short-term stock buying and selling based on media reports or an expert's enthusiasm.
A collapse in U.S. stock prices certainly would cause a lot of white knuckles on Wall Street. But what effect would it have on the broader U.S. economy? If Wall Street crashes, does Main Street follow? Not necessarily.
I know many members of our community steer clear of Wall Street because of the perception that the stock market is risky, but I am convinced the biggest risk of all is not taking one.
Programming is not a zero-sum game. Teaching something to a fellow programmer doesn't take it away from you. I'm happy to share what I can, because I'm in it for the love of programming.
On the basis of the eternal will of God we have to think of EVERY HUMAN BEING, even the oddest, most villainous or miserable, as one to whom Jesus Christ is Brother and God is Father; and we have to deal with him on this assumption. If the other person knows that already, then we have to strengthen him in the knowledge. If he does no know it yet or no longer knows it, our business is to transmit this knowledge to him.
Liberation does not concern the person, for liberation is freedom from the person. Basically the disciple and teacher are identical. Both are the timeless axis of all action and preception. The only difference is that one 'knows' himself for what he is while the other does not. The idea of being a person, an ego, is nothing other than an image held together by memory.
If a person is working toward a predetermined goal and knows where to go, then that person is successful. If a person does not know which direction they want to go in life, then that person is a failure.
In my business investing, you are buying a stock, and someone else is selling the stock. Right there, that's like a debate. Is the stock going up, or is it going to go down?
Ive been on Wall Street once in my life in 1980 as a tourist. I went to see the stock exchange when I was 18 years old. Im not a Wall Street lawyer, Im a Stanwix Street lawyer. Stanwix Street is a street in downtown Pittsburgh.
I have no objection to any person's religion, be it what it may, so long as that person does not kill or insult any other person, because that other person don't believe it also. But when a man's religion becomes really frantic; when it is a positive torment to him; and, in fine, makes this earth of ours an uncomfortable inn to lodge in; then I think it high time to take that individual aside and argue the point with him.
If stock market experts were so expert, they would be buying stock, not selling advice.
One problem with politics is that it is a zero sum game, i.e. politicians argue how to cut the pie smaller and smaller, by reshuffling pieces of the pie. I think this is destructive. Instead, we should be creating a bigger pie, i.e. funding the science that is the source of all our prosperity. Science is not a zero sum game.
In Newark, we see a problem and want to seize it, but we run up against the wall of state government, the wall of federal government that does not have the flexibility or doesn't see problems, even. At the federal level, it's often a zero-sum game: If you win, I lose. At the local level, it's just not local that. It's win-win-win.
It's one thing to be dumb or ignorant or be in over your head. But if you can be the person who knows how much he does not know and be curious about the things you do not know, then that automatically lends itself to being a big-hearted, welcoming person who wants to know about every single person you meet.
There's a belief in some cultures that if a person experiences good fortune in financial terms and does not share the good fortune, when that person becomes ill with a mysterious fever and dies, people tend to say: 'Aha! It was because he didn't share. It was the spirits who brought him down.'
Related Authors
Barack Obama Quotes
American
President
Benjamin Franklin Quotes
American
Politician
Cassandra Clare Quotes
American
Author
Deepak Chopra Quotes
American
Speaker
Donald Trump Quotes
American
President
Frederick Lenz Quotes
American
Author
George W. Bush Quotes
American
President
Henry David Thoreau Quotes
American
Author
Hillary Clinton Quotes
American
Politician
Mark Twain Quotes
American
Writer
Noam Chomsky Quotes
American
Activist
Ralph Waldo Emerson Quotes
American
Philosopher
Rick Riordan Quotes
American
Author
Rush Limbaugh Quotes
American
Entertainer
Sherrilyn Kenyon Quotes
American
Writer
Thomas Jefferson Quotes
American
President