We do not have enough time to learn everything by our own experiences. If we did, we’ll be old before we could make any use of such expertience. This is why the experiences of renowned traders and investors is paramount if we are to become masters ourselves.
Consider this quote by Charlie Munger:
I believe in the discipline of mastering the best that other people have ever figured out. I don’t believe in just sitting there and trying to dream it up all yourself. Nobody’s that smart.
– Charlie Munger
Trading/investment quotes
One of my life principles is that the only way you can live life is by dealing with what is, and not with what might have been. So that’s the way I’ve tried to deal with setbacks. — John Bogle
People who exit the stock market to avoid a decline are odds-on favorites to miss the next rally. — Peter Lynch
I’ve found that when the market’s going down and you buy funds wisely, at some point in the future you will be happy. — Peter Lynch
Survival as an investor over that famous long course depends from the very first on recognition that we do not know what is going to happen. We can speculate or calculate or estimate, but we can never be certain. — Peter Bernstein
Experience in former markets indicates that just as they are too high in bull markets, they get too low in bear markets. — Benjamin Graham
As soon as you realize you can afford to wait out any correction, the calamity also becomes an opportunity to pick up bargains. — Peter Lynch
After a stock market decline, people may perceive more risk than before when, in fact, the decline may have taken some of the risks out of the market. — Robert Shiller
My experience is that when people want to give something away at a ridiculous price because they have to, not because they want to, that’s a good time to buy. — Seth Klarman
We consider for each of our investments not only whether a security is undervalued but why it is undervalued. If the reason is that there are uninformed or emotional sellers, we become more comfortable. — Seth Klarman
The first task of the bargain hunter is to narrow the field and separate the solid prospects from the ones that are counting on hopes, prayers, and miracles. — Peter Lynch
The very existence of doubt creates the conditions for a big gain in the stock once the fears are put to rest. The trick is to put your fears to rest by doing the research and checking the facts — before the competition does. — Peter Lynch
Sound common stocks, bought at sound prices, are always good investments. — Benjamin Graham
The investor with a portfolio of sound stocks should expect their prices to fluctuate and should neither be concerned by sizable declines nor become excited by sizable advances. He should always remember that market quotations are there for his convenience, either to be taken advantage of or to be ignored. — Benjamin Graham
The investor’s chief problem, and even his worst enemy, is likely to be himself. — Benjamin Graham
The intelligent investor is a realist who sells to optimists and buys from pessimists. — Benjamin Graham
Cyptocurrency quotes
If you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry.” – Satoshi Nakomoto, Founder of Bitcoin
You can’t stop things like Bitcoin. It will be everywhere, and the world will have to readjust. World governments will have to readjust.—John McAfee, Founder of McAfee Associates
Cryptocurrency is freedom of money.— Erik Voorhees
The best time to invest in Bitcoin was yesterday; the second-best time is today.— Anonymous
Crypto adoption is an unstoppable wave. It’s a question of when, not if. — Erik Voorhees
Mobile was Internet 2.0. It changed everything. Crypto is Internet 3.0. — Gil Penchina
The market doesn’t reward the smartest traders. It rewards the most disciplined ones. — Goodreads
We have elected to put our money and faith in a mathematical framework that is free of politics and human error. – Tyler Winklevoss, co-CEO of Gemini
…we know gold is a $12 trillion asset, bitcoin’s about a 10th of gold. Could they be half of gold? At one point, Sure, it could … And at some point, it will be larger than gold… that money is finding its way to Gen Z and Millennials, and they feel much more comfortable with digital gold than old clunky gold. – Mike Novogratz, CEO of Galaxy Digital
Trading Bitcoin is like trading Apple, Amazon, Google, or Facebook a decade ago. The more you obsess over timing the market, the more mistakes you make. They were all technology networks that were dominant & destined to grow. – Michael Saylor, Former CEO of MicroStrategy
They use Western Union, traditional banks; It is slow and it is expensive. And there are people that can stop you from sending that money, whether that’s good or bad. With bitcoin, I can send money. It’s fast. It’s cheap. And frankly, no one can stop me. -CNBC
If cash were to be invented today, it would be illegal -Crypto community
Bitcoin is the money of the internet- Crypto community
Satoshi Nakamoto quotes
What is needed is an electronic payment system based on cryptographic proof instead of trust. Satoshi Nakamoto
It might make sense just to get some in case it catches on. – Satoshi Nakamoto
A new electronic cash system that’s fully peer-to-peer, with no trusted third party. – Satoshi Nakamoto
The Times 03/Jan/2009 Chancellor on brink of second bailout for banks” (Embedded in the Genesis Block). – Satoshi Nakamoto
The utility of the exchanges made possible by Bitcoin will far exceed the cost of electricity used. – Satoshi Nakamoto
It’s the same situation as gold and gold mining. The marginal cost of gold mining tends to stay near the price of gold. Gold mining is a waste, but that waste is far less than the utility of having gold available as a medium of exchange. I think the case will be the same for Bitcoin. The utility of the exchanges made possible by Bitcoin will far exceed the cost of electricity used. Therefore, not having Bitcoin would be the net waste.
― Satoshi Nakamoto
Total circulation will be 21,000,000 coins. It’ll be distributed to network nodes when they make blocks, with the amount cut in half every 4 years. first 4 years: 10,500,000 coins next 4 years: 5,250,000 coins next 4 years: 2,625,000 coins next 4 years: 1,312,500 coins etc… When that runs out, the system can support transaction fees if needed. It’s based on open market competition, and there will probably always be nodes willing to process transactions for free.”
― Satoshi Nakamoto
The price of any commodity tends to gravitate toward the production cost. If the price is below cost, then production slows down. If the price is above cost, profit can be made by generating and selling more. At the same time, the increased production would increase the difficulty, pushing the cost of generating towards the price.
― Satoshi Nakamoto
It’s very attractive to the libertarian viewpoint if we can explain it properly. I’m better with code than with words though.
― Satoshi Nakamoto
We have proposed a system for electronic transactions without relying on trust. We started with the usual framework of coins made from digital signatures, which provides strong control of ownership, but is incomplete without a way to prevent double-spending. To solve this, we proposed a peer-to-peer network using proof-of-work to record a public history of transactions that quickly becomes computationally impractical for an attacker to change if honest nodes control a majority of CPU power.
― Satoshi Nakamoto