A Quote by Warren Buffett

A pin lies in wait for every bubble. And when the two eventually meet, a new wave of investors learns some very old lessons: First, many in Wall Street (a community in which quality control is not prized) will sell investors anything they will buy. Second, speculation is most dangerous when it looks easiest.

Warren Buffett

Quote Topics

Anything Bubble Buy Community Control Dangerous Easiest Eventually Every First Investors Learns Lessons Lies Looks Many Meet Most New Old Pin Prized Quality Quality Control Second Sell Some Speculation Street Two Very Wait Wall Wall Street Wave Which Will

Quote Author

Warren Buffett
American - Businessman
Born: August 30, 1930

A pin lies in wait for every bubble and when the two eventually meet, a new wave of investors learns some very old lessons.

Warren Buffett

First, many in Wall Street - a community in which quality control is not prized - will sell investors anything they will buy.

Warren Buffett

It's no secret that big institutional investors have a lot of advantages on Wall Street. They get the first chance to buy hot initial public offerings. They get to meet in person with companies' managements.

Alex Berenson

Wall Street can be a dangerous place for investors. You have no choice but to do business there, but you must always be on your guard. The standard behavior of Wall Streeters is to pursue maximization of self-interest; the orientation is usually short term. This must be acknowledged, accepted, and dealt with. If you transact business with Wall Street with these caveats in mind, you can prosper. If you depend on Wall Street to help you, investment success may remain elusive.

Seth Klarman

In a Ponzi scheme, a promoter pays back his initial investors with money he has raised from new investors. Eventually, the promoter can no longer find enough new investors to pay off the people who have already put up money, and the scheme collapses.

Alex Berenson

Any new producer starting up is to get investors' confidence. Investors are still very very wary of anything to do with the arts world.

Ann Macbeth

Too often, investors are the target of fraudulent schemes disguised as investment opportunities. As you know, if the balance is tipped to the point where investors are not confident that there are appropriate protections, investors will lose confidence in our markets, and capital formation will ultimately be made more difficult and expensive.

Mary Schapiro

The life of a thinking man will probably be divided into two parts -- the first in which he desires to exterminate modern thinkers, and the second in which he desires to watch them exterminating each other. ... Suppose, for instance, there is an old story and a new skeptic who is skeptical of the story. We have only to wait a little while for a yet newer skeptic who is skeptical of the skeptic. He will probably find the old notion actually a help in his new notion. This process is an abstract truth applying to anything, apart from agreement or disagreement.

Gilbert K. Chesterton

There is nothing new in Wall Street. There can't be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again.

Jesse Lauriston Livermore

Establishing a 0.03 percent Wall Street speculation fee, similar to what we had from 1914-1966, would dampen the dangerous level of speculation and gambling on Wall Street, encourage the financial sector to invest in the productive economy and reduce the deficit by more than $350 billion over 10 years.

Bernie Sanders

The lower spreads mean lower costs for investors, because Nasdaq investors generally do not trade directly with one another. Instead, they usually buy and sell from market-makers, brokerage firms that flip shares between buyers and sellers and keep the spread for themselves.

Alex Berenson

Value investors will not invest in businesses that they cannot readily understand or ones they find excessively risky. Hence few value investors will own the shares of technology companies. Many also shun commercial banks, which they consider to have unanalyzable assets, as well as property and casualty insurance companies, which have both unanalyzable assets and liabilities.

Seth Klarman

New products, new markets, new investors, and new ways of doing things are the lifeblood of growth. And while each innovation carries potential risk, businesses that don't innovate will eventually diminish.

Adena Friedman

The government has brought on the housing problem, partly by these very low interest rates, which encouraged many people to go way out on a limb. They've brought it on by highly restrictive building policies, which have caused housing prices to skyrocket artificially. And they've brought it on by the Community Reinvestment Act, which presumes that politicians are better able to tell investors where to put their money than the investors themselves are. When you put all that together, you get something like what you have.

Thomas Sowell

Many gold and silver experts will recommend you buy numismatic coins - rare and old coins. If you are not a rare coin expert, I'd encourage you to stay away from them. New investors often pay too much for rare coins that are not really rare.