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
Nothing in the world is softer than water, yet nothing surpasses it in overcoming the hard and strong.
-- Laozi
By failing to prepare, you are preparing to fail.
-- Benjamin Franklin
Conceive optimistically, plan pessimistically, execute optimistically.
-- Kazuo Inamori
Choosing individual stocks without any idea of what you're looking for is like running through a dynamite factory with a burning match.
-- Joel Greenblatt
The market can stay irrational longer than you can stay solvent.
-- Jeremy Grantham
I try to invest in companies where the downside is limited and the upside is significant.
-- Bruce Berkowitz