Ted Turner Quotes

… there is little rhyme or reason to the going up or coming down of the [Stock] Market

One of my first investments was $100,000 in a Web-based calendar startup - and I lost every dollar.

One thing about the business and investing world that I connect to very intimately is that there is little room to deny the harsh realities of your mistakes. A bad call can lose you many millions.

Another great evil arising from this desire to be thought rich; or rather, from the desire not to be thought poor, is the destructive thing which has been honored by the name of 'speculation'; but which ought to be called Gambling.

Whoever gambles with the dollar, loses

My advice to most people is don't short stocks. It's a very, very difficult business. And you can really get clobbered.

There is general agreement among researchers that nearly all stock pickers, whether they know it or not-and few of them do-are playing a game of chance.

If it is hard to imagine that 20% of losses on the stock market, you should never participate

Speculator: One who bought stocks that went down.

If you have trouble imagining a 20% loss in the stock market, you shouldn't be in stocks.

As in roulette, same is true of the stock trader, who will find that the expense of trading weights the dice heavily against him.

You could lose hundreds or thousands one day on paper and gain it all back the next, and it has literally no effect on your immediate future, provided the money you have in the market is money you're investing for the long haul (meaning at least three to five years).

I had some airline stock, but the airlines tanked. I didn't have a lot of money in them, though.

Gambling is part of the human condition. I love it. I have the best time gambling. I've been winning fortunes, and I've been losing them.

Pouring concrete on land you don't own is called a calculated risk, if you don't pour you loose millions.

The number-one job of the hedge-fund manager is not to make sure that you can retire with a smile on your face - it's for him to retire with a smile on his face.

We are facing extreme volatility.

People often panic when the markets go down and sell off their stocks - but then they aren't in the game when the markets are doing well.

In any business opportunity, you'd be looking, probably, primarily at the risk and return. Some business can be very risky with a low return; what you want is the lowest risk with the biggest return.

Buying only what you know can end in disaster. Just think about Enron's employees and business partners, the 'locals' who bought lots of its stock because they thought they were in the know.

If I finance a bank and I know if the bank will get in trouble, I will be hit and I will lose money, I will put a price on that.

I have no complaints about losing money I put in high-risk investments. I did some of that when I had real money; my informed choice, my measured gamble.

I made my money by selling too soon.

Without gambling, I would not exist.

Gambling with cards or dice or stocks is all one thing. It's getting money without giving an equivalent for it.