A Quote by Jonathan Sacks
The wisest rule in investment is: when others are selling, buy. When others are buying, sell. Usually, of course, we do the opposite. When everyone else is buying, we assume they know something we don't, so we buy. Then people start selling, panic sets in, and we sell too.
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To buy when others are despondently selling and sell when others are greedily buying requires the greatest fortitude and pays the greatest reward.
Allowing short selling is allowing people to sell - instead of having to buy the stock and then sell it, which doesn't do much; allow them to sell it, and then buy it. In which case they can express that information and the idea is that you would get more accurate valuation of companies by letting people express both their positive information and their negative information through either long or short selling.
Well, capitalism is a big problem, because with capitalism you're just going to keep buying and selling things until there's nothing else to buy and sell, which means gobbling up the planet.
Selling out is usually more a matter of buying in. Sell out, and you’re really buying into someone else’s system of values, rules and rewards.
Buy when everyone else is selling and hold until everyone else is buying. That's not just a catchy slogan. It's the very essence of successful investing.
One market paradigm that I take exception to is: Buy low and sell high. I believe far more money is made by buying high and selling at even higher prices.
Companies are bought not sold, an investment banker told me that once and it is very true. Basically what it means is you can't control selling your company, you can only sell it if somebody wants to buy it, and you need someone to want to buy it.
Buy less. Choose well. Make it last. Quality, not quantity. Everybody’s buying far too many clothesI mean, I know I’m lucky, I can just take things and borrow them and I’m just okay, but I hate having too many clothes. And I think that poor people should be even more careful. It doesn't mean therefore you have to just buy anything cheap. Instead of buying six things, buy one thing that you really like. Don't keep buying just for the sake of it.
Stop going for the easy buck and start producing something with your life. Create, instead of living off the buying and selling of others.
I've had people say to me, "Well, how do I start collecting artworks?" Well, you start by buying. Buy what you like, buy what you can afford - and I'm not just saying that because I'm a dealer. You can't be so paralyzed to where you keep saying, "I've got to learn more." The best way to learn is to go home and actually put something on the wall. Then you've got an investment. Then you're living with it. Then you're in the game.
I don't really know what 'selling out' is exactly. I would sell out if I could, but nobody's buying it. I would love to go mainstream, but my comedy is too edgy. It's always too dirty. It's always too filthy. I'm dying to sell out. But I love doing comedy, I love touring, and I think I would do everything for free.
I do voiceovers, but being on-camera and selling something? I wasn't really interested. And then I thought, well, wait a minute. Everybody's selling something. When you turn on the tube... And then if you go to Europe or Asia, everyone is selling something. All the guys that don't want to be seen selling something here are selling something there. So I thought what the hell?
The reader can test his own psychology by asking himself whether he would consider, in retrospect, the selling at 156 in 1925 and buying back at 109 in 1931 was a satisfactory operation. Some may think that an intelligent investor should have been able to sell out much closer to the high of 381 and to buy back nearer the low of 41. If that is your own view you are probably a speculator at heart and will have trouble keeping to true investment precepts while the market rushes up and down.
I have a horrible habit of buying merch tees. I go on people's websites and look at all their merch because I'm interested in it, because we sell merch, too. And then, I always end up buying something.
With a profession such as investing, people see the 'doing' as the buying and selling. It is difficult to come home from work, and answer your spouse's question, 'what did you do today?' with 'well, I read a lot, and I talked a little.' If you're not buying or selling, you may feel you aren't doing anything.
I don't like to change things too much. I think pretty hard about things before I jump in, and once I do, I feel, 'All right, I don't want to waste the energy of buying, selling this, going on Consumer Reports, test driving, buying, selling a house.' I feel life is to be lived.
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