Our Daily Bleg: Wall Street Proverbs, Please

Here’s the latest guest bleg from Fred Shapiro, editor of the Yale Book of Quotations. His past blegs can be found here; send us your own bleg requests here.

The Motley Fool used my blegging for modern proverbs as an inspiration to write about “investing proverbs.”

Wall Street is indeed a rich source of memorable quotations, including: “Buy on the rumor, sell on the news”; “Sell in May and go away”; and “The trend is your friend.” Can Freakonomics readers suggest other investing proverbs?

P.S. — A number of readers have called upon me to include an answer section for my blegs. I intend to address this within the next few weeks.

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  1. Daniel Von Fange says:

    Buy when the blood is running in the streets.

    Buy low, sell high.

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  2. charles says:

    Bulls make money Bears make money pigs get slaughtered.

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  3. Shane says:

    God gave you eyes. Plagiarize. – quoted in Liar’s Poker by Michael Lewis

    Work smarter, not harder.

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  4. Broadway says:

    Don’t try to catch a falling knife

    The market can stay irrational longer than you can stay solvent. – Keynes

    You only find out who is swimming naked when the tide goes out. – Buffet

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  5. Phil says:

    “Be Fearful When Others Are Greedy and Greedy When Others Are Fearful” — Warren Buffett

    “Buy the rumor, sell the fact”

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  6. James Burden says:

    “Buy on the sound of the cannon, Sell on the sound of the trumpet”, I read this quote in Ben Stein’s column on Yahoo Finance, it’s a great blog (as is this one).

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  7. Marton says:

    “Trees don’t grow to the sky.”

    “Even a dead cat will bounce if it drops from high enough.”

    “No one ever went broke taking profits.”

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  8. Drew says:

    “Even a dead cat can bounce”

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