The rich can speculate; the poor must not; the penniless have no choice but to speculate.

Wer viel Geld hat, kann spekulieren; wer wenig Geld hat, darf nicht spekulieren; wer kein Geld hat, muss spekulieren.

André Kostolany

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André Kostolany

Born in Budapest in 1906, Kostolany spent 80-plus years in markets from Paris and Frankfurt. His Egg Theory and contrarian philosophy made him Europe's foremost speculator-educator. He died in 1999 at 93.

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