Quotes & Sayings About Stock Prices

We had all opted to take City's financial reporting course work, which, in theory, meant we wanted to write about stock prices and corporate takeovers. That, of course, was a joke. No one still in their twenties, and broke, goes into journalism to write about money - a subject in which they still have zero practical experience. — Chris Ayres

When stock prices are rising, it's called "momentum investing"; when they are falling, it's called "panic". — Paul Krugman

Hastings sat down and braced his arm along the back of the chaise, quite effectively letting it be known he did not want anyone else to join them.
"You look frustrated, Miss Fitzhugh." He lowered his voice. "Has your bed been empty of late?"
He knew very well she'd been watched more closely than prices on the stock exchange. She couldn't smuggle a hamster into her bed, let alone a man.
"You look anemic, Hastings," she said. "Have you been leaving the belles of England breathlessly unsatisfied again?"
He grinned. "Ah, so you know what it is like to be breathlessly unsatisfied. I expected as little from Andrew Martin."
Her tone was pointed. "As little as you expect from yourself, no doubt."
He sighed exaggeratedly. "Miss Fitzhugh, you disparage me so, when I've only ever sung your praises."
"Well, we all do what we must," she said with sweet venom.
He didn't reply - not in words, at least. — Sherry Thomas

Valuation premiums of quality companies often reflect some degree of expected operational outperformance, but actual performance tends to exceed expectations over time. Stock prices thus tend to undervalue quality companies. — Lawrence A. Cunningham

Greenspan's eventual explanation for the growing gap between stock prices and actual productivity was that, fortuitously, the laws of nature had changed
humanity had reached a happy stage of history where bullshit could be used as rocket fuel. — Matt Taibbi

Cause and effect, the riddle of all history, is a particular devil in financial history; and never more so than today, where entire classes of security are collapsing not on public exchanges and stock-tickers but because there are no markets to establish prices this side of nothing. — James Buchan

The most realistic distinction between the investor and the speculator is found in their attitude toward stock-market movements. The speculator's primary interest lies in anticipating and profiting from market fluctuations. The investor's primary interest lies in acquiring and holding suitable securities at suitable prices. Market movements are important to him in a practical sense, because they alternately create low price levels at which he would be wise to buy and high price levels at which he certainly should refrain from buying and probably would be wise to sell. — Benjamin Graham

Index funds are ... tax friendly, allowing investors to defer the realization of capital gains or avoid them completely if the shares are later bequeathed. To the extent that the long-run uptrend in stock prices continues, switching from security to security involves realizing capital gains that are subject to tax. Taxes are a crucially important financial consideration because the earlier realization of capital gains will substantially reduce net returns. — Burton Malkiel

I'm not against government involvement in times of need. I am for recognizing that big public companies will continue to cut jobs in an effort to prop up stock prices, which in turn stimulates the need for more government involvement. — Mark Cuban

Stock prices aren't real things. They're just froth on a wave. The wave is the only real thing, which investors forget when they're watching the ticket slither by. — Jane Bryant Quinn

The stock market cares about only one thing above all else: anticipated earnings. If companies make more money, their share prices eventually rise. The stock price is simply a reflection of a company's earning power. Everything else is noise. — Peter Mallouk

Students need only two well-taught courses - How to Value a Business, and How to Think About Market Prices. Your goal as an investor should simply be to purchase, at a rational price, a part interest in an easily-understandable business whose earnings are virtually certain to be materially higher five, ten and twenty years from now. Over time, you will find only a few companies that meet these standards - so when you see one that qualifies, you should buy a meaningful amount of stock. You must also resist the temptation to stray from your guidelines: If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes. Put together a portfolio of companies whose aggregate earnings march upward over the years, and so also will the portfolio's market value. Though it's seldom recognized, this is the exact approach — Warren Buffett

Stock prices relative to company assets are no better at signaling the likelihood of future earnings growth than they were the day the Titanic sank, and risk management is a good deal worse. — Timothy Noah

Sell before the holidays. Stock prices tend to rise on the last trading day before major holidays. — Nancy Dunnan

There may be a recession in stock prices, but not anything in the nature of a crash. — Irving Fisher

It's not that stock prices are capricious. It's that the news is capricious. — Burton Malkiel

When someone works for less pay than she can live on - when, for example, she goes hungry so that you can eat more cheaply and conveniently - then she has made a great sacrifice for you, she has made you a gift of some part of her abilities, her health, and her life. The 'working poor,' as they are approvingly termed, are in fact the major philanthropists of our society. They neglect their own children so that the children of others will be cared for; they live in substandard housing so that other homes will be shiny and perfect; they endure privation so that inflation will be low and stock prices high. To be a member of the working poor is to be an anonymous donor, a nameless benefactor, to everyone else. — Barbara Ehrenreich

Recent economic data shows that our economy is robust, growing and headed in the right direction. The numbers don't lie. Americans are currently enjoying falling gas prices, low unemployment, increased job creation, and a stock market that has reached an all-time high. — J. D. Hayworth

Danny should have been elated: Everything they had thought might happen was now happening. He wasn't elated, however; he was anxious. At 10:30, an hour into trading, every financial stock went into a free fall, whether it deserved to or not. "All this information goes through me," he said. "I'm supposed to know how to transmit information. Prices were moving so quickly I couldn't get a fix. It felt like a black hole. The abyss." It — Michael Lewis

It seems to me that today, if the artist wishes to be serious - to cut out a little original niche for himself, or at least preserve his own innocence of personality - he must once more sink himself in solitude. There is too much talk and gossip; pictures are apparently made, like stock-market prices, by competition of people eager for profit; in order to do anything at all we need (so to speak) the wit and ideas of our neighbors as much as the businessmen need the funds of others to win on the market. All this traffic sharpens our intelligence and falsifies our judgment. — Edgar Degas

Successful investors like stocks better when they're going down. When you go to a department store or a supermarket, you like to buy merchandise on sale, but it doesn't work that way in the stock market. In the stock market, people panic when stocks are going down, so they like them less when they should like them more. When prices go down, you shouldn't panic, but it's hard to control your emotions when you're overextended, when you see your net worth drop in half and you worry that you won't have enough money to pay for your kids' college. — Seth Klarman

Fundamental analysis seeks to establish how underlying values are reflected in stock prices, whereas the theory of reflexivity shows how stock prices can influence underlying values — George Soros

If a lot of money goes into the stock market, it'll push up prices, making money for stock speculators. Then the insiders can decide that it's time to sell out, and the market will plunge. — Michael Hudson

I was about thirteen when I started thinking about the stock market. My dad helped me a little bit. I'd see it in the 'Santa Barbara News-Press.' These prices would change every day - what was that all about? — Charles Schwab

Stock prices have been quoted in fractions for two centuries, based on a system descended from Spanish pieces of eight. Each dollar was cut into eight bits worth 12.5 cents each.. — Charles Jaffe

Every separate economic agent maintains a stock of money that corresponds to the extent and intensity with which he is able to express his demand for it in the market. If the objective exchange-value of all the stocks of money in the world could be instantaneously and in equal proportion increased or decreased, if all at once the money-prices of all goods and services could rise or fall uniformly, the relative wealth of individual economic agents would not be affected. Subsequent monetary calculation would be in larger or smaller figures; that is all. — Ludwig Von Mises

A collapse in U.S. stock prices certainly would cause a lot of white knuckles on Wall Street. — Ben Bernanke

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

Stock prices have reached what looks like a permanently high plateau. — Irving Fisher

For low risk trades, prices and volumes must rise consistently for at least two weeks. Avoid making trading decisions based on a single day's price rise or a single week's price rise. A short term price rise can be driven by a large lot of the stock being bought by institutional investors or by the non-availability of enough stock to make up for a large order. — Ashu Dutt

Samuelson spotted a mistake in Bacheliers work. Bachelier's model had failed to consider that stock prices cannot fall below zero. — William Poundstone

The key is if the economic data stays soft, maybe we don't have to worry much about interest rates anymore. Then we need to worry about earnings. What gave us a really strong move in stock prices from late May until about two weeks ago was this heightened optimism that maybe interest rates are at that high. That gave you a relief rally. Now reality is setting in - if we've seen the worst on interest rates then we've seen the best on earnings. — Douglas Cliggott

However, today most of the transactions are performed electronically. The stock market is simply the channel that links buyers and sellers for easier transactions where prices are decided between two parties as well. — Brayden Tan

I always had faith in the internet. I believed in it and thought it was obviously going to change the way the world worked. I really did not understand why others were selling their stock. As stock prices plunged, I just bought them, one after another, since I had the money. I guess I was rather lucky. — Takafumi Horie

There is a good reason why stocks are not reacting to Fed policy as they have in the past. Investors have become so geared to watching and anticipating Fed policy that the effect of its tightening and easing is already discounted in the market. If investors expect the Fed to stabilize the economy, this will be built into stock prices long before the Fed even begins to take its stabilizing actions. — Jeremy J. Siegel

'Inequality' has become the political theme/slogan of our time in both Europe and the U.S., yet political leaders do not even bother to consider that their own policies, which put the entire burden on central bankers to print money and drive up stock, bond and other asset prices, are actually exacerbating income and wealth disparity. — Paul Singer

The computers were index-linked to the Galactic stock-market prices, you see, so that we'd all be revived when everybody else had rebuilt the economy enough to afford our rather expensive services. — Douglas Adams

When people retire, their income drops much more sharply than their consumption. As a result, they stop saving and start drawing down the assets they've acquired during their high-saving years. That could start to put upward pressure on interest rates and downward pressure on stock prices. — Greg Ip

When they say inflation is bad, deflation is good, what they mean is, more money for us 1% is good; we're all for asset price inflation, we're all for housing prices going up, and we're all for our stock and bonds prices going up. We're just against you workers getting more income. — Michael Hudson

I learned an important lesson - that the value of the stock is not the same as the underlying value of the company. The stock goes up and down according to the whims and wiles of Wall Street. The value of the company depends on elements that contribute to the creation of real value - things like providing superior products at fair prices. You need to be learning and innovating, giving your people interesting, motivating work and compensating them fairly, creating value for your community, and doing it all in a way that yields a good profit. That's not what much of Wall Street values, but it's what creates long-term value for investors. — Jim Koch

You should expect little or nothing from Wall Street stock pickers who hope to be more accurate than the market in predicting the future of prices. And you should not expect much from pundits making long-term forecasts. — Daniel Kahneman

Unknown Assassin, says the headline. Blanche skips over the details she already knows. How bizarre to see what she lived through last night turned into an item tucked between stock prices and Crazy Horse whupping the army at Little Bighorn. — Emma Donoghue

I think any statement about stock prices is always suspect unless it's made by Warren Buffett. — Bill Gates

Even if index numbers cannot fulfill the demands that theory has to make, they can still, in spite of their fundamental shortcomings and the inexactness of the methods by which they are actually determined, perform useful workaday services for the politician. If we have no other aim in view than the comparison of points of time that lie close to one another, then the errors that are involved in every method of calculating numbers may be so far ignored as to allow us to draw certain rough conclusions from them. Thus, for example, it becomes possible to a certain extent to span the temporal gap that lies, in a period of variation in the value of money, between movements of Stock Exchange rates and movements of the purchasing power that is expressed in the prices of commodities. — Ludwig Von Mises

In almost every walk of life, people buy more at lower prices; in the stock market they seem to buy more at higher prices. — James Grant

As long as there's political uncertainty around the energy space, stock prices will come down. — T. Boone Pickens

Stock prices are likely to be among the prices that are relatively vulnerable to purely social movements because there is no accepted theory by which to understand the worth of stocks ... investors have no model or at best a very incomplete model of behavior of prices, dividend, or earnings, of speculative assets. — Robert J. Shiller

Speculators are obsessed with predicting: guessing the direction of stock prices. Every morning on cable television, every afternoon on the stock market report, every weekend in Barron's, every week in dozens of market newsletters, and whenever business people get together. In reality, no one knows what the market will do; trying to predict it is a waste of time, and investing based upon that prediction is a purely speculative undertaking. — Seth Klarman

A major boom in real stock prices in the U.S. after 'Black Tuesday' brought them halfway back to 1929 levels by 1930. This was followed by a second crash, another boom from 1932 to 1937, and a third crash. Speculative bubbles do not end like a short story, novel, or play. There is no final denouement that brings all the strands of a narrative into an impressive final conclusion. In the real world, we never know when the story is over. — Robert J. Shiller

The most serious problems lie in the financial sphere, where the economy's debt overhead has grown more rapidly than the 'real' economy's ability to carry this debt ... The essence of the global financial bubble is that savings are diverted to inflate the stock market, bond market and real estate prices rather than to build new factories and employ more labor. — Michael Hudson

The underlying strategy of the Fed is to tell people, "Do you want your money to lose value in the bank, or do you want to put it in the stock market?" They're trying to push money into the stock market, into hedge funds, to temporarily bid up prices. Then, all of a sudden, the Fed can raise interest rates, let the stock market prices collapse and the people will lose even more in the stock market than they would have by the negative interest rates in the bank. So it's a pro-Wall Street financial engineering gimmick. — Michael Hudson

Stocks always go down much faster than they go up. That's why it's called a crash. People who put their money into the stocks will find, all of a sudden, that stock prices are no longer being supported by the debt leveraging that's been holding them up. — Michael Hudson

Black-Scholes is a know-nothing system. If you know nothing about value - only price - then Black-Scholes is a pretty good guess at what a 90-day option might be worth. But the minute you get into longer periods of time, it's crazy to get into Black-Scholes. For example, at Costco we issued stock options with strike prices of $30 and $60, and Black-Scholes valued the $60 ones higher. This is insane. — Charlie Munger

Let us now leave the example of the isolated State and turn our attention to the international movements that arise from a fall in the value of money due to an increase in its amount. Here, again, the process is the same. There is no increase in the available stock of goods; only its distribution is altered. The country in which the new mines are situated and the countries that deal directly with it have their position bettered by the fact that they are still able to buy commodities from other countries at the old lower prices at a time when depreciation at home has already occurred. Those countries that are the last to be reached by the new stream of money are those which must ultimately bear the cost of the increased welfare of the other countries. — Ludwig Von Mises

A lot of share-buying, not bargain-seeking, is designed to prop stock prices up. Thirty to 40 years ago, it was very profitable to look at companies that were aggressively buying their own shares. They were motivated simply to buy below what it was worth. — Charlie Munger

If you look at academic studies, you can see that stock prices are most closely correlated with cash flow. It's such a straightforward number. Cash flow is what will drive shareholder returns. — Jeff Bezos

You pay a very high price in the stock market for a cheery consensus. — Warren Buffett

Of course. I favor passive investing for most investors, because markets are amazingly successful devices for incorporating information into stock prices. — Merton Miller

The stock prices of networking equipment companies like Cisco Systems and Nortel Networks sometimes seem as if they are priced for perpetual success. — Alex Berenson

Reliability investing requires finding companies trading below their inherent worth
stocks with strong fundamentals including earnings, dividends, book value, and cash flow selling at bargain prices give their quality. — Amah Lambert

Because there is no such thing on Wall Street as too many acronyms, became known as the SIP. The thirteen stock markets piped their prices into the SIP, and the SIP calculated the NBBO. The SIP was the picture of the U.S. stock market most investors saw. Like a lot of regulations, Reg NMS was well-meaning and sensible. If everyone on Wall Street abided by the rule's spirit, the rule would have established a new — Michael Lewis

Who better to teach than the most capable among us? And I'm not just talking about seminars or formal settings. Our actions and behaviors, for better or worse, teach those who admire and look up to us how to govern their own lives. Are we thoughtful about how people learn and grow? As leaders, we should think of ourselves as teachers and try to create companies in which teaching is seen as a valued way to contribute to the success of the whole. Do we think of most activities as teaching opportunities and experiences as ways of learning? One of the most crucial responsibilities of leadership is creating a culture that rewards those who lift not just our stock prices but our aspirations as well. — Ed Catmull

Over many decades, our usual practice is that if something we like goes down, we buy more and more. Sometimes something happens, you realize you're wrong, and you get out. But if you develop correct confidence in your judgment, buy more and take advantage of stock prices. — Charlie Munger

Ask questions, no, screech questions out loud - while kneeling in front of the electric doors at Safeway, demanding other citizens ask questions along with you - while chewing up old textbooks and spitting the words onto downtown sidewalks - outside the Planet Hollywood, outside the stock exchange, and outside the Gap. Grind questions onto the glass on photocopiers. Scrape challenges onto old auto parts and throw them off bridges so that future people digging in the mud will question the world, too. Carve eyeballs into tire treads and onto shoe leathers so that your every trail speaks of thinking and questioning and awareness. Design molecules that crystallize into question marks. Make bar codes print out fables, not prices. You can't even throw away a piece of litter unless it has a question mark stamped on it - a demand for people to reach a finer place — Douglas Coupland

Although there are good and bad companies, there is no such thing as a good stock; there are only good stock prices, which come and go. — Benjamin Graham