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.
Investors
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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André Kostolany's Other Quotes
I cannot tell you how to get rich quickly, but I can tell you how to get poor quickly: by trying to get rich quickly.
On the stock exchange, anything is possible, including the opposite.
Buy stocks, take sleeping pills, and stop looking at the papers. After many years you will see: you are rich.
Stock market profits are pain money. First comes the pain, then the money.
Related Quotes
In this business, if you're good, you're right six times out of ten. You're never going to be right nine times out of ten.
-- Peter Lynch
You can't predict. You can prepare.
-- Howard Marks
The most important thing is being attentive to cycles.
-- Howard Marks
The markets teach you humility every single day.
-- Ken Griffin
It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong.
-- George Soros
I'm only rich because I know when I'm wrong.
-- George Soros