Norman Ralph, Warren Buffett, Jesse Livermore

Norman Ralph

• If stock market experts were so expert, they would be buying stock, not selling advice. 

• Any task can be completed in only one-third more time than is currently estimated.

• Motivation will almost always beat mere talent. 

Warren Buffett

• Let blockheads read what blockheads wrote.

• It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.

• There seems to be some perverse human characteristic that likes to make easy things difficult.

• Price is what you pay. Value is what you get.

• Chains of habit are too light to be felt until they are too heavy to be broken.

• I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.

• When you combine ignorance and leverage, you get some pretty interesting results.

• Risk comes from not knowing what you're doing.

• I always knew I was going to be rich. I don't think I ever doubted it for a minute.

• Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.

Jesse Livermore

• There is only one side of the market and it is not the bull side or the bear side, but the right side.

• It isn't as important to buy as cheap as possible as it is to buy at the right time.

• A loss never bothers me after I take it. I forget it overnight. But being wrong - not taking the loss - that is what does damage to the pocketbook and to the soul.