The Street Stock Quotes & Sayings

When F. W. Woolworth opened his first store, a merchant on the
same street tried to fight the new competition. He hung out a big
sign: "Doing business in this same spot for over fifty years." The
next day Woolworth also put out a sign. It read: "Established a
week ago: no old stock. — Peter Hay

First of all, the Social Security money belongs to Main Street, not to Wall Street. It needs to be said very clearly here that privatization is off the table ... Social Security, as a matter of fact, is a better investment now than the stock market. There's a higher return. There's guaranteed cost-of-living increases. Privatization you have to worry about the value of your account. — Dennis Kucinich

However, as the consequences of Black Thursday began to settle in investors' minds, most people attempted to recover their losses and the dramatic selling began again. On Tuesday 29 October, the day of the Wall Street Crash, more than 16 million shares were dumped in an afternoon of trading. On that one single day, as much money was lost on the New York stock exchange as had been spent in its entirety by the US government on fighting the First World War. It was a disaster. Annette — John Boyne

In the 1920s, Wall Street was a world that was really dominated by professional speculators and stock pools. These people had a monopoly over information. — Ron Chernow

The truth is, everything we know about America, everything Americans come to know about being American, isn't from the news. I live there. We don't go home at the end of the day and think, "Well, I really know who I am now because the Wall Street Journal says that the Stock Exchange closed at this many points." What we know about how to be who we are comes from stories. It comes from the novels, the movies, the fashion magazines. It comes from popular culture. — Chris Abani

The person that is buying a share of stock is convinced he knows something that the other person who's selling it to him does not know. There's no zero sum game in Wall Street. — Bernard Madoff

A remarkable consensus of Democratic and Republican editorial writers held that Roosevelt would be as "conservative" as McKinley. The very unanimity of this opinion seemed contrived, as if to soothe a nervous stock market. The financial pages reported that "Severe Shocks," "Feverish Trading," and "Heavy Declines" had hit Wall Street on Friday, when the Gold Dollar President began to die. Roosevelt knew little about money - it was one of the few subjects that bored him - but even he could see that one false move this weekend might bring about a real panic on Monday. — Edmund Morris

In 2008, when almost every other investor got crushed, and even the Wall Street "experts" were down by almost half, I was up 17 percent - beating the S&P Average by over 50 percent.

Reminiscences of a Stock Market Flea — James J. Houts

Food wasn't one of the amenities at Cooper, the five-hundred-bed hospital on which millions of poor people depended. Nor was medicine. "Out of stock today" was the nurses' official explanation. Plundered and resold out of supply cabinets was an unofficial one. What patients needed, families had to buy on the street and bring in. — Katherine Boo

I went to see the stock exchange when I was 18 years old. I'm not a Wall Street lawyer, I'm a Stanwix Street lawyer. Stanwix Street is a street in downtown Pittsburgh. One of the clients is Mellon Bank, which merged with the Bank of New York Mellon a number of years ago. And I have for years have done software licensing for Mellon. — Keith Rothfus

The loss of public confidence in the financial community growing out of its own conduct in recent years. I insist that more damage has been done to stock values and to the future of equities from inside Wall Street than from outside Wall Street. — Benjamin Graham

The first English settlements in North America were established in the early seventeenth century by joint-stock companies such as the London Company, the Plymouth Company, the Dorchester Company and the Massachusetts Company. The Indian subcontinent too was conquered not by the British state, but by the mercenary army of the British East India Company. This company outperformed even the VOC. From its headquarters in Leadenhall Street, London, it ruled a mighty Indian empire for about a century, maintaining a huge military force of up to 350,000 soldiers, considerably outnumbering the armed forces of the British monarchy. Only in 1858 did the British crown nationalise India along with the company's private army. Napoleon made fun of the British, calling them a nation of shopkeepers. Yet these shopkeepers defeated Napoleon himself, and their empire was the largest the world has ever seen. — Yuval Noah Harari

In fact, of all hoodoos in Wall Street I think the resolve to induce the stock market to act as a fairy godmother is the busiest and most persistent. — Edwin Lefevre

The stock market is but a mirror which provides an image of the underlying or fundamental economic situation. Cause and effect run from the economy to the stock market, never the reverse. In 1929 the economy was headed for trouble. Eventually that trouble was violently reflected in Wall Street. — John Kenneth Galbraith

The media and marketing deluge has spawned a new type of Wall Street loser: the armchair momentum player. These are novice investors who engage in short-term stock buying and selling based on media reports or an expert's enthusiasm. — Gary Weiss

Market moralities and mentalities
fueled by economic imperatives to make a profit at nearly any cost
yield unprecedented levels of loneliness, isolation, and sadness. And our public life lies in shambles, shot through with icy cynicism and paralyzing pessimism. To put it bluntly, beneath the record-breaking stock markets on Wall Street and bipartisan budget-balancing deals in the White House lurk ominous clouds of despair across this nation. — Cornel West

Senior managers at the Royal Bank of Canada were now arguing that the bank should create a Canadian dark pool, route their Canadian customers' stock market orders into it, and then sell to high-frequency traders the right to operate inside the dark pool. Brad thought that it made a lot more sense for RBC simply to expose the new game for what it was, and perhaps establish themselves as the only broker on Wall Street not conspiring to screw investors. "The only card left to play was honesty," as Rob Park put it. — Michael Lewis

How could Digital's collapse be so precipitous? It's because, in many ways, financial performance data is misleading. As you move up to the top of the market, you're getting rid of the less profitable products at the low end and adding business with more attractive margins at the high end. The rate of unit volume growth might be tapering off as you pursue these smaller markets, but your margins actually look better. So Wall Street rewards your stock price until you hit the ceiling. — Clayton Christensen

The stock market goes nuts over any company that so much as mentions the word Internet. All this proves to me is that the boneheads on Wall Street are as dumb as they were in college when they had to switch their majors to business to keep from flunking out. — John C. Dvorak

I shared my office on 57th Street with Dr Jacob Ecstein, young (thirty-three), dynamic (two books published), intelligent (he and I usually agreed), personable (everyone liked him), unattractive (no one loved him), anal (he plays the stock market compulsively), oral (he smokes heavily), non-genital (doesn't seem to notice women), and Jewish (he knows two Yiddish slang words). Our mutual secretary was a Miss Reingold. Mary Jane Reingold, old (thirty-six), undynamic (she worked for us), unintelligent (she prefers Ecstein to me), personable (everyone felt sorry for her), unattractive (tall, skinny, glasses, no one loved her), anal (obsessively neat), oral (always eating), genital (trying hard), and non-Jewish (finds use of two Yiddish slang words very intellectual). Miss Reingold greeted me efficiently. — Luke Rhinehart

I actually love shopping in vintage shops. What I do with the high street, I buy it, then keep it for a while and then wear it when everyone's not wearing it. So I do that: stock up, then keep it hidden! — Amber Le Bon

I wouldn't place much stock in numbers. I don't believe that they reflect Putin's true popularity. Just think about how the pollsters proceed. They call people and they ask them questions on the street. In today's Russia, it takes a lot of courage to tell a stranger something critical about the head of the Kremlin. And yet more than 20 percent do so nonetheless. — Garry Kasparov

I was a young boy. A stock car guy used to live across the street from us. He'd work on his car, and both of my older brothers became gearheads. — Robin Zander

As I said just now, the world has gone past me. I don't blame it; but I no longer understand it. Tradesmen are not the same as they used to be, apprentices are not the same, business is not the same, business commodities are not the same. Seven-eighths of my stock is old-fashioned. I am an old-fashioned man in an old-fashioned shop, in a street that is not the same as I remember it. I have fallen behind the time, and am too old to catch it again. — Charles Dickens

The gist of Laszlo's pitch for the equity department was this question: When you turn on your television at six-thirty and Dan Rather tells you that today the market went up twenty-four points, what market do you think he means? "What!" Laszlo would say. "You think he's talking about Grade A industrial bonds? Ha! He's talking about the stock market." In other words, if you joined the equity department, your mother would know what you did for a living. — Michael Lewis

I've been on Wall Street once in my life in 1980 as a tourist. I went to see the stock exchange when I was 18 years old. I'm not a Wall Street lawyer, I'm a Stanwix Street lawyer. Stanwix Street is a street in downtown Pittsburgh. — Keith Rothfus

The president, the secretary of state, the businessman, the preacher, the vendor, the spies, the clients and managers - all walking around Wall Street like chickens with their heads cut off - rushing to escape bankruptcy - plotting to melt down the Statue of Liberty - to press more copper pennies - to breed more headless chickens - to put more feathers in their caps - medals, diplomas, stock certificates, honorary doctorates - eggs and eggs of headless chickens - multitaskers - system hackers - who never know where they're heading
northward, backward, eastward, forward, and never homeward - (where is home) - home is in the head - (but the head is cut off) - and the nest is full of banking forms and Easter eggs with coins inside. Beheaded chickens, how do you breed chickens with their heads cut off? By teaching them how to bankrupt creativity. — Giannina Braschi

Unreal City,
Under the brown fog of a winter dawn,
A crowd flowed over London Bridge, so many,
I had not thought death had undone so many.
Sighs, short and infrequent, were exhaled,
And each man fixed his eyes before his feet.
Flowed up the hill and down King William Street,
To where St Mary Woolnoth kept the hours
With a dead sound on the final stock of nine.
There I saw one I knew, and stopped him crying: 'Stetson!
You, who were with me in the ships at Mylae!
That corpse you planted last year in your garden,
Has it begun to sprout? Will it bloom this year?
Or has the sudden frost disturbed its bed?
Oh keep the Dog far hence, that's friend to men,
Or with his nails he'll dig it up again!
You! hypocrite lecteur!-mon semblable,-mon frere! — T. S. Eliot

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

If everyone on Wall Street abided by the rule's spirit, the rule would have established a new fairness in the U.S. stock market. — Michael Lewis

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

Nowhere does history indulge in repetitions so often or so uniformly as in Wall Street. When you read contemporary accounts of booms or panics, the one thing that strikes you most forcibly is how little either stock speculation or stock speculators today differ from yesterday. The game does not change and neither does human nature. — Edwin Lefevre

Logic is the subject that has helped me most in picking stocks, if only because it taught me to identify the peculiar illogic of Wall Street. Actually Wall Street thinks just as the Greeks did. The early Greeks used to sit around for days and debate how many teeth a horse has. They thought they could figure it out just by sitting there, instead of checking the horse. A lot of investors sit around and debate whether a stock is going up, as if the financial muse will give them the answer, instead of checking the company. — Peter Lynch

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

The Mexican debt crisis, Latin American debt crisis, the crises of the 1990s, the Wall Street stock market crash, and other events should have reminded us, and did remind us, that financial instability remains a concern, remains a problem. — Ben Bernanke

He lifted a hand and turned and went on. He had divested himself of the little cloaked godlet and his other amulets in a place where they would not be found in his lifetime and he'd taken for talisman the simple human heart within him. Walking down the little street for the last time he felt everything fall away from him. Until there was nothing left of him to shed. It was all gone. No trail, no track. The spoor petered out down there on Front Street where things he'd been lay like paper shadows, a few here, they thin out. After that nothing. A few rumors. Idle word on the wind. Old news years in traveling that you could not put stock in. — Cormac McCarthy

We could cite many cases of companies' similar attempts to create new-growth platforms after the core business had matured. They follow an all-too-similar pattern. When the core business approaches maturity and investors demand new growth, executives develop seemingly sensible strategies to generate it. Although they invest aggressively, their plans fail to create the needed growth fast enough; investors hammer the stock; management is sacked; and Wall Street rewards the new executive team for simply restoring the status quo ante: a profitable but low-growth core business.4 — Clayton M Christensen

A big Wall Street bank's biggest advantage was its access to vast amounts of cheap risk capital and, with that, its ability to survive the ups and downs of a risky business. That meant little when the business wasn't risky and didn't require much capital. High-frequency traders went home every night with no position in the stock market. They traded in the market the way card counters in a casino played blackjack: They played only — Michael Lewis

By the middle of 2011, roughly 30 percent of all stock market trades occurred off the public exchanges, most of them in dark pools. The appeal of these dark pools - said the Wall Street banks - was that investors could expose their big stock market orders without fear that those orders would be exploited. — Michael Lewis

No professional Wall Street tipster or plausible promoter can turn a sane person into a stock gambler as easily as his next-door neighbor bragging about his winnings. If all men profited by experience, the world would be peopled exclusively by the wise.... — Kenneth L. Fisher

The widely mis-interpreted 1998 'meltdown' of East Asia was a financial symptom of the renewed reality: In fact, it was the first round the world recession again to begin in East Asia and spread from there to the West, instead of vice versa. That marked the beginnings of the return back 360 degrees around the world of the world economic center to Asia where it had always been before those two eighty-year period of temporary Western ascendance. The stock market crash in Hong Kong and the devaluation of the Thai baht and the Indonesian rupia took only 80 seconds to make themselves felt in the London City and on New York's Wall Street. How much of a cultural lag do we still need for popular perception and social theory to catch up with global reality? — Andre Gunder Frank

Gold standard, which the United States had dropped in 1933. Ever since, the Treasury had been printing money freely to finance first the New Deal and now the war. Howard feared that someday the United States might wind up like Germany in the 1920s, when people had to cart wheelbarrows of money down the street to buy a head of cabbage - the direct result of Germany being forced to deplete its gold stock to pay reparations after World War I.1 The economic chaos that resulted was one of the major factors that had led to Hitler. — Alice Schroeder

This message (that attempting to beat the market is futile) can never be sold on Wall Street because it is in effect telling stock analysts to drop dead. — Paul Samuelson

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

The new structure of the U.S. stock market had removed the big Wall Street banks from their historic, lucrative role as intermediary. At the same time it created, for any big bank, some unpleasant risks: that the customer would somehow figure out what was happening to his stock market orders. And that the technology might somehow go wrong. If the markets collapsed, or if another flash crash occurred, the high-frequency traders would not take 85 percent of the blame, or bear 85 percent of the costs of the inevitable lawsuits. The banks would bear the lion's share of the blame and the costs. The relationship of the big Wall Street banks to the high-frequency traders, when you thought about it, was a bit like the relationship of the entire society to the big Wall — Michael Lewis

The frantic stupidity of Wall Street's stock order routers and algorithms was simply an extension into the computer of the willful ignorance of its salespeople. — Michael Lewis

According to the media and other stock market "experts," the equities bull is forever hiding just around that next corner on Wall Street. But millions of investors who listened to the experts back in 1998-2001 about "the New Economy" get hammered in the stock market and are still trying to get back to even.
The smart investor looks for opportunities to acquire value on the cheap, with one eye out for a dynamic change in the offing that might make that investment even more valuable. — Jim Rogers

People open shops in order to sell things, they hope to become busy so that they will have to enlarge the shop, then to sell more things, and grow rich, and eventually not have to come into the shop at all. Isn't that true? But are there other people who open a shop with the hope of being sheltered there, among such things as they most value - the yarn or the teacups or the books - and with the idea only of making a comfortable assertion? They will become a part of the block, a part of the street, part of everybody's map of the town, and eventually of everybody's memories. They will sit and drink coffee in the middle of the morning, they will get out the familiar bits of tinsel at Christmas, they will wash the windows in spring before spreading out the new stock. Shops, to these people, are what a cabin in the woods might be to somebody else - a refuge and a justification. — Alice Munro

Hunger stared down from the smokeless chimneys, and started up from the filthy street that had no offal, among its refuse, of anything to eat. Hunger was the inscription on the baker's shelves, written in every small loaf of his scanty stock of bad bread; — Charles Dickens

The great thing about having money is that you can actually just get on with your life and not have to think about paying the bills or crouch over 'The Wall Street Journal' or the 'Financial Times' and look at the stock figures and things like that. That bores me rigid. — Peter Mayle

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