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Lying Quotes

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Lying Quotes

“People want to buy cheap and sell dear; this by itself makes them countertrend. But the notion of cheapness or dearness must be anchored to something. People tend to view the prices they’re used to as normal and prices removed from these levels as aberrant. This perpective leads people to trade counter to an emerging trend on the assumption that prices will eventually return to “normal”. Therein lies the path to disaster.”

“Some people have a knack, for example, of being able to tell when someone's lying to them. They may not know what the truth is, but they can tell when someone is trying to lead them astray or sell them something shady. I think he had that ability to an amazing degree. I also think he thought, without saying it explicitly, that you can convince a crowd of something that's not true more easily than you can one person at a time.”

“The most realistic distinction between the investor and the speculator is found in their attitude toward stock-market movements. The speculator's primary interest lies in anticipating and profiting from market fluctuations. The investor's primary interest lies in acquiring and holding suitable securities at suitable prices. Market movements are important to him in a practical sense, because they alternately create low price levels at which he would be wise to buy and high price levels at which he certainly should refrain from buying and probably would be wise to sell.”