A Quote by Warren Buffett
The advice "you never go broke taking a profit" is foolish.
Related Quotes
One common adage...that is completely wrongheaded is: You can't go broke taking profits. That's precisely how many traders do go broke. While amateurs go broke by taking large losses, professionals go broke by taking small profits.
Amateurs go broke taking large losses, professionals go broke taking small profits.
No one ever went broke by taking a profit.
I never heard of anyone saying they want to deploy their capital wisely and go buy a sports franchise. What you want to do is just not lose money. You see, I don't have to work anymore. I tell people I don't have a real job. On the other hand, I learned long ago that you can't go broke if you turn a profit.
For every person seeking greatness, there are hundreds more charged with safeguarding mediocrity. If you want to be wealthy, stop taking financial advice from broke people.
Never take advice about never taking advice. That is an old vice of men - to dish it out without being able to take it - the blind leading the blind into more blindness.
When you start off broke - and we weren't broke, we were negative broke - you never forget that. You stay appreciative.
I suppose the best advice I ever got, frankly the advice that changed my life, came from my uncle who told me to go to drama school and study acting instead of taking a job, because he said the job would always be there.
There's never nothing wrong with taking the right advice.
You ever see a bar with 200 beautiful women go broke? But I've seen a lot of bars with great DJs go broke.
I've been lucky because my films have consistently made a profit, almost all of them have made a profit. Never a huge profit, but nobody gets hurt. And therefore I get a lot of freedom.
They say you never grow poor taking profits. No, you don't. But neither do you grow rich taking a four-point profit in a bull market. Where I should have made twenty thousand dollars I made two thousand. That was what conservatism did for me.
There are many who condemn my crew and I for taking the law into our own hands and for taking on the barons of corporate profit.
When you grow up in life and you're poor, and because you're an athlete or you got rich overnight in music, unless you have access to financial advice or for the transition or matriculation of that process, then of course, you're going to go broke.
Me? I see an old, broke-ass black guy taking care of a bunch of kids, living life, taking them to school, and all that stuff, who's asking himself: What the hell is this? But I wouldn't give it up for the world because I love my wife. I never expected to have a life like this. No chaos... no confusion... no lawsuits... no violence... no going to jail.
I never understood how, when if so many businesses can make a profit delivering services and products to state education, you could not take it further and allow for-profit operators to run some schools. Most people care about good outcomes, not whether something is for-profit or not.
Related Authors
Bill Gates Quotes
American
Businessman
Charlie Munger Quotes
American
Businessman
Dieter F. Uchtdorf Quotes
German
Businessman
Elon Musk Quotes
South African
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