Books and Blogs and Quotes

Quotes


"Successful investing is anticipating the anticipations of others." - John Maynard Keynes

"No profession requires more hard work, intelligence, patience, and mental discipline than successful speculation." - Robert Rhea

"The policy of being too cautious is the greatest risk of all."- Jawaharlal Nehru

"Panics do not destroy capital—they merely reveal the extent to which it has previously been destroyed by its betrayal in hopelessly unproductive works."- John Stuart Mill

"Vision without action is a daydream. Action without vision is a nightmare." - Japanese proverb

"Two rules for investing/trading.  Rule number one : most things will prove to be cyclical.  Rule number two : some of the greatest opportunities for gain and loss come when other people forget rule number one." - Howard Marks

"A handful of patience is worth a bushel of brains" - Dutch Proverb

"The game taught me the game. And it didn’t spare me rod while teaching."- Jesse Livermore

"I think it was a long step forward in my trading education when I realized at last that when old Mr. Partridge kept on telling other customers, “Well, you know this is a bull market!” he really meant to tell them that the big money was not in the individual fluctuations but in the main movements-that is, not in reading the tape but in sizing up the entire market and its trend." - Jesse Livermore

"Losing money is the least of my troubles. A loss never troubles me after I take it. I forget it overnight. But being wrong – not taking the loss – that is what does the damage to the pocket book and to the soul." - Jesse Livermore"

"If somebody had told me my method would not work I nevertheless would have tried it out to make sure for myself, for when I am wrong only one thing convinces me of it, and that is, to lose money. And I am only right when I make money. That is speculating." - Jesse Livermore

"Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money." - Ed Seykota

"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

"Losers average losers. " - Paul Tudor Jones

“The whole world is simply nothing more than a flow chart for capital.” - Paul Tudor Jones

"I believe the very best money is made at the market turns. Everyone says you get killed trying to pick tops and bottoms and you make all your money by playing the trend in the middle. Well for twelve years I have been missing the meat in the middle but I have made a lot of money at tops and bottoms." - Paul Tudor Jones

"Investing is the intersection of economics and psychology." - Seth Klarman

"The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor." - Jesse Livermore

Books

Bull: A History of the Boom and Bust, 1982-2004

Diary of a Professional Commodity Trader

Fooling Some of the People All of the Time, A Long Short (and Now Complete) Story

Liar's Poker

Diary of a Very Bad Year: Confessions of an Anonymous Hedge Fund Manager

Market Wizards

Money Game

Reminiscences of a Stock Operator

The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron

Trading for a Living

When Genius Failed: Rise and Fall of LTCM

Blogs

A Dash of Insight

Abnormal Returns

Aleph Blog

Boom Bust Blog

Bruce Krasting

Cobra's Market View

Consulting by Bob Murphy

Dealbreaker

Gonzalo Lira

Hedge According.ly

Interloper

Jesse's Café Américain

JR Deputy Accountant

Kid Dynamite's World

m3 Financial Analysis

Macro Story

Market Anthropology

Market Montage

Modern Monetary Realism

Pragmatic Capitalism

Shanky's Tech Blog

Slope of Hope

Sqwii Trader

Washington's Blog

World of Finance

Zerohedge