A Quote by Burton Malkiel

J.P. Morgan once had a friend who was so worried about his stock holdings that he could not sleep at night. The friend asked, 'What should I do about my stocks?' Morgan replied, 'Sell down to your sleeping point' Every investor must decide the trade-off he or she is willing to make between eating well and sleeping well. High investment rewards can only be achieved at the cost of substantial risk-taking. So what is your sleeping point? Finding the answer to this question is one of the most important investment steps you must take.

Burton Malkiel

Quote Topics

About Achieved Answer Asked Between Cost Could Decide Down Eating Eating Well Every Finding Friend Had He Or She High His Important Investment Investor Make Morgan Most Must Night Off Once Only Point Question Rewards Risk Risk-taking Sell She Should Should I Sleep Sleeping Steps Stock Stocks Substantial Take Taking The Most Important Trade Trade-Off Well Willing Worried Your

Quote Author

Burton Malkiel
American - Economist
Born: August 28, 1932

"I can't sleep" answered the nervous one. "Why not?" asked the friend. "I am carrying so much cotton that I can't sleep thinking about. It is wearing me out. What can I do?" "Sell down to the sleeping point", answered the friend.

Jesse Lauriston Livermore

If you can't sleep at night because of your stock market position, then you have gone too far. If this is the case, then sell your position down to the sleeping level.

Jesse Lauriston Livermore

The hardest thing about traveling is that mostly you get to a point - and it always happens on every tour - where you can choose between eating and sleeping, but you can't do both.

Philip Glass

I'd say the general outline of a sound investment approach is, first of all, you have to decide are you going to try to be an investor yourself? The answer for most people is probably they shouldn't try. You should put your money in index funds and not try to be a stock picker.

Whitney Tilson

"When you accept your life - when you take your breakfast, and when you sleep and when you walk and when you take your bath - how can you create an ego out of these things? Sleeping when feeling sleepy, eating when feeling hungry, how can you create your ego? No, if you fast, you can create ego. If you are on a vigilance for the whole night, and you say, "I am not going to sleep," you can create the ego. By the morning, the person who has slept well will have no ego, you will have a great ego."

Rajneesh

Realize that sleeping on a futon when you're 30 is not the worst thing. You know what's worse, sleeping in a king bed next to a wife you're not really in love with but for some reason you married, and you got a couple kids, and you got a job you hate. You'll be laying there fantasizing about sleeping on a futon. There's no risk when you go after a dream. There's a tremendous amount to risk to playing it safe.

Bill Burr

Human beings generally need between six and eight hours of restful sleep each night. Restful sleep means that you're not using pharmaceuticals or alcohol to get to sleep, but that you're drifting off easily once you turn off the light and are sleeping soundly through the night.

Deepak Chopra

And what are you doing here, Nicholas? Decided to watch me sleep?" "Yes," said Nick, and bowed is head over his sword again. He had tissues, oil, and sandpaper laid out on the windowsill in front of him, and a little stone block he was passing his sword up and down, very carefully. "I came to gaze upon your sleeping face. Only you had the blanket over your head, so I just had to gaze at a lump I thought was your sleeping face, and that turned out to be your shoulder. Which just wasn't as special." ~Nick and Mae

Sarah Rees Brennan

Hillary Clinton does not have to worry about the sirens and the gunshots night. She doesn't worry about it. She's sleeping. She's sleeping.

Rush Limbaugh

The poisonous serpent of afflictions is sleeping in your mind; just as if a black viper were asleep in your room. You must use the hook of precepts to quickly remove it. When the sleeping snake is gone, then you can rest at ease.

Gautama Buddha

I have never, ever slept through my child crying unless I have had a sleeping tablet; and I only take a sleeping tablet when I know Steve, my husband, is on duty. We take turns: he does one night, I do the next.

Deirdre O'Kane

We sleep very well in space. We have a sleeping bag each, and when you get into it, you float in the sleeping bag.

Julie Payette

J.P. Morgan, then past 70, was asked by the son of an eminent father why he [Morgan] didn't retire. When did your father retire? asked Mr. Morgan, without looking up from his desk. In 1902. When did he die? Oh, at the end of 1904. Huh! snapped Mr. Morgan, If he had kept on working he would have been alive still. Work is God's best medicine. It is God's medicine for man.

B. C. Forbes

Rather, risk is a perception in each investor's mind that results from analysis of the probability and amount of potential loss from an investment. If an exploratory oil well proves to be a dry hole, it is called risky. If a bond defaults or a stock plunges in price, they are called risky. But if the well is a gusher, the bond matures on schedule, and the stock rallies strongly, can we say they weren't risky when the investment after it is concluded than was known when it was made.

Seth Klarman

Always keep your portfolio and your risk at your own individual comfortable sleeping point.

Mario Gabelli

Unlike return, however, risk is no more quantifiable at the end of an investment that it was at its beginning. Risk simply cannot be described by a single number. Intuitively we understand that risk varies from investment to investment: a government bond is not as risky as the stock of a high-technology company. But investments do not provide information about their risks the way food packages provide nutritional data.

Seth Klarman

A Quote by Burton Malkiel

Quote Topics

Quote Author

Related Quotes

Related Authors