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. Guillaume Chaudemanche says:

    “Trading is a zero sum game”
    “A stock is never high enough to be bought or low enough to be sold” James Livermore.

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  2. Desi says:

    “The four most expensive words in the English language are ‘This time it’s different’.”
    — Edward Chancellor

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  3. deepak says:

    How to make 1 million in the stock market???

    Simple, start with 2 million.

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  4. John says:

    “Buy High, Sell Higher”

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  5. Dan says:

    All ships rise when the tide rises.
    Every sunken ship has a chart on it.
    Never short a dull tape.
    If there’s one roach, there’s likely more.

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  6. sjd says:

    Real estate always busts, every where, in every age. Even your granny’s house. It’s shelter or decoration. It’s only an investment if you admit at the outset you are chronically undisciplined, but how would that make you a good bet for a 30year fixed?

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  7. Charlie Echo says:

    A cotton farmer sends his employee to the Chicago Mercantile Exchange to gather information on the price of cotton and receives this message back: “Some traders think the price will go up, others believe the price will fall. Whatever you do act at once!”

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