Market Speculation Quotes & Sayings

After Volcker's speech, bonds became objects of speculation, a means of creating wealth rather than merely storing it. Overnight the bond market was transformed from a backwater into a casino. — Michael Lewis

It takes a man a long time to learn all the lessons of all of his mistakes. They say there are two sides to everything. But there is only one side to the stock market; and it is not the bull side or the bear side, but the right side. It took me longer to get that general principle fixed firmly in my mind than it did most of the more technical phases of the game of stock speculation. — Edwin Lefevre

If a man loses his money through unwise market speculation or by playing the horses, he has been punished in a manner which we may call passive. By this I mean that another person has not taken special, socially overt steps to harm the "offender." This phenomenon has not received the attention it deserves. — Thomas Szasz

The sentiment indicators that we will examine later prove that market participants herd. By definition, herding means that the emotional part of the brain, the limbic system, is in charge. Remember, this is the same part of the brain that controls fighting and the emotion of love. Do you ever think rationally when it comes to fighting or love? Similarly, the neocortex (rational thought) is subservient in financial speculation. Therefore, the study of sentiment indicators, or the study of crowds, is more important than the study of economic indicators, if you wish to make money trading. The — Jamie Saettele

Near the top of the market, investors are extraordinarily optimistic because they've seen mostly higher prices for a year or two. The sell-offs witnessed during that span were usually brief. Even when they were severe, the market bounced back quickly and always rose to loftier levels. At the top, optimism is king, speculation is running wild, stocks carry high price/earnings ratios, and liquidity has evaporated. A small rise in interest rates can easily be the catalyst for triggering a bear market at that point. — Martin Zweig

High prices can be the result of speculation, and maybe plunging prices can be attributed to the end of speculation, but low prices over time aren't caused by speculation. That's oversupply, mainly by Saudi Arabia flooding the market with low-priced oil to discourage rival oil producers, whether it's Russian oil or American fracking. — Michael Hudson

Speculation in oil stock companies was another great evil ... From the first, oil men had to contend with wild fluctuations in the price of oil ... Such fluctuations were the natural element of the speculator, and he came early, buying in quantities and holding in storage tanks for higher prices. If enough oil was held, or if the production fell off, up went the price, only to be knocked down by the throwing of great quantities of stocks on the market. — Ida Tarbell

Ban short-selling, high speed trading and all other instruments of pure speculation — Miguel Reynolds Brandao

We insist on producing a farm surplus, but think the government should find a profitable market for it. We overindulge in speculation, but ask the government to prevent panics. Now the only way to hold the government entirely responsible for conditions is to give up our liberty for a dictatorship. If we continue the more reasonable practice of managing our own affairs we must bear the burdens of our own mistakes. A free people cannot shift their responsibility for them to the government. Self-government means self-reliance. — Calvin Coolidge

Anyone wanting a new house picks one from among those built on speculation or still in process of construction. The builder no longer works for his customers but for the market. — Karl Marx

What imperialists actually wanted was expansion of political power without the foundation of the body politic. Imperialist expansion had been touched off by a curious kind of economic crisis, the overproduction of capital and the emergence of "superfluous" money, the result of oversaving, which could no longer find productive investment within national borders. For the first time, investment of power did not pave the way for investment of money, since uncontrollable investments in distant countries threatened to transform large strata of society into gamblers, to change the whole capitalist economy from a system of production to a system of financial speculation, and to replace the profits of production with profits in commissions. The decade immediately before the imperialist era, the seventies of the last century, witnessed an unparalleled increase in swindles, financial scandals, and gambling in the stock market. — Hannah Arendt

I think prices have been moving more on speculation than reality. But this is a market that has been driven by fear for two or three years. — James Williams

It would distort markets. Besides, if I bought a load of gold when I thought the price was going up, then it would drive up the price at that point. When I came to sell in the future it would depress the price. Thus, I wouldn't make the killing I thought I would, would I?"
"Yeah, but futures contracts."
"Same thing, dear boy."
"Art, then."
"If I bought Constable's Hay Wain direct from the artist it wouldn't have the same cachet as it does today. The absence of that piece from the market might mean that all of his work was devalued."
"Yeah, but you could bring another piece back."
"Ah, then the paint and canvas wouldn't age correctly. For older objets d'art, the carbon dating would show it was younger than it should be. Sorry, Kevin. You're not going to get rich by temporal smuggling or speculation. — Mark Speed

I'm a professional artist, that's how I make my living. So I watch the market. There is, it seems to me, a lot of pure financial speculation, and I don't think that's terribly healthy. Though as long as the money is getting back to the artist, I think that's good. I'm very happy younger artists can make money faster than we could. And we were making it faster than a generation before us. — Brice Marden

Speculation does not determine prices; it has to accept the prices that are determined in the market. I ts efforts are directed to correctly estimating future price-situations, and to acting accordingly. The influence of speculation cannot alter the average level of prices over a given period; what it can do is to diminish the gap between the highest and the lowest prices. — Ludwig Von Mises

There's a certain degree of speculation that goes into valuations. In so far as the market supports a valuation, everyone who gets a great one deserves it, but they should also be cautious because that speculation is temporary. I saw Yahoo go from $100 billion to $10 billion. It's not a long-term measure. — Brian Acton

We cannot have a free market since it does not really set us free. It's free for interest, speculation and consumerism to create false needs. — Tariq Ramadan

An attempt is sometimes made to demonstrate the desirability of measures directed against speculation by reference to the fact that there are times when there is nobody in opposition to the bears in the foreign-exchange market so that they alone are able to determine the rate of exchange. That, of course, is not correct. Yet it must be noticed that speculation has a peculiar effect in the case of a currency whose progressive depreciation is to be expected while it is impossible to foresee when the depreciation will stop, if at all. While, in general, speculation reduces the gap between the highest and lowest prices without altering the average price-level, here, where the movement will presumably continue in the same direction, this naturally can not be the case. The effect of speculation here is to permit the fluctuation, which would otherwise proceed more uniformly, to proceed by fits and starts with the interposition of pauses. — Ludwig Von Mises

Personally I don't think day traders are speculating, because traditional speculation requires some market knowledge. They are, instead, gambling, which doesn't. — Arthur Levitt Jr

The Depression was an incredibly dramatic episode - an era of stock-market crashes, breadlines, bank runs and wild currency speculation, with the storm clouds of war gathering ominously in the background ... For my money, few periods are so replete with human interest. — Ben Bernanke

Mathematics is ordinarily considered as producing precise and dependable results; but in the stock market the more elaborate and abstruse the mathematics the more uncertain and speculative are the conclusions we draw there from. Whenever calculus is brought in, or higher algebra, you could take it as a warning that the operator was trying to substitute theory for experience, and usually also to give to speculation the deceptive guise of investment. — Benjamin Graham

The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs. Nothing sedates rationality like large doses of effortless money. After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball. They know that overstaying the festivities - that is, continuing to speculate in companies that have gigantic valuations relative to the cash they are likely to generate in the future - will eventually bring on pumpkins and mice. But they nevertheless hate to miss a single minute of what is one helluva party. Therefore, the giddy participants all plan to leave just seconds before midnight. There's a problem, though: They are dancing in a room in which the clocks have no hands. — Warren Buffett

It is also painful to see that the struggle against hunger and malnutrition is hindered by market priorities, the primacy of profit, which have reduced foodstuffs to a commodity like any other, subject to speculation, also of a financial nature, The hungry remain, at the street corner, and ask to be recognized as citizens, to receive a healthy diet. We ask for dignity, not for charity. — Pope Francis

1. Keep speculation and investments separate.
2. Don't be fooled by a name.
3. Be wary of new promotions.
4. Give due consideration to market ability.
5. Don't buy without proper facts.
6. Safeguard purchases through diversification.
7. Don't try to diversify by buying different securities of the same company.
8. Small companies should be carefully scrutinized.
9. Buy adequate security, not super abundance.
10. Choose your dealer and buy outright. (Babson abhorred any type of margin or installment payment plans and, in fact, claimed he never borrowed money.) — Kenneth L. Fisher

Before Volcker's speech, bonds had been conservative investments, into which investors put their savings when they didn't fancy a gamble in the stock market. After Volcker's speech, bonds became objects of speculation, a means of creating wealth rather than merely storing it. — Michael Lewis

Investing is an activity of forecasting the yield over the life of the asset; speculation is the activity of forecasting the psychology of the market. — John Maynard Keynes

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

Restoration ecology is experimental science, a science of love and altruism. In its attempts to reverse the processes of ecosystem degradation it runs exactly counter to the market system, to land speculation, to the whole cultural attitude of regarding the Earth as commodity rather than community. It is a soft-souled science. — Stephanie Mills