John Fredriksen Quotes

The way to make money is to buy when blood is running in the streets.

You know, the market was down yesterday... my first thought when I heard-just on a personal basis, when I heard there had been this attack and I saw the futures this morning, which were really in the tank, I thought, Time to buy.

If there's a recession, I'd buy stocks. That's when you make money: when markets are spooked.

A financial crisis is a great time for professional investors and a horrible time for average ones.

We say, 'The market plummets,' like it's some roaring creature.

Normally, the market peaks before bad news emerges. That's what happened in 1929, and that's what happened in 2000.

I was in the equity-trading department at Merrill Lynch. I was there in 1987 when the market crashed.

There will be no repetition of the break yesterday …. I have no fear of another comparable decline.

What about stocks? You got to buy them. What if they break? You have to buy the dips.

If you must invest in paper, learn to be an options trader. Then you will know how to make money whether the markets are going up or down.

For those properly prepared, the bear market is not only a calamity but an opportunity.

I think a lot of us feel, when we look at the Dow Jones plunging, alienated - you do feel as if we're in the grip of some alien force that slipped human control.

The starting point of my career in money management in 1973-74 was the time of the only true bear market any living non-Japanese investor has seen in major markets. Equities, real estate, you name it, everyone got run over.

Alas, in 1929 came the Stock Market crash and everything changed and became worrisome. People started practicing conservatism because of financial losses, myself included.

A crash really occurs when you suddenly have a violent downturn in the market that then heralds a long bull market.

I heard that you did not have a judge to interview this month in the Bulletin, so I thought I'd help out. Besides, with the Stock Market tanking recently, it reminded me of the good old days.

Do not buy the hype from Wall St. and the press that stocks always go up. There are long periods when stocks do nothing and other investments are better.

The trouble is that the average trader on Wall Street, he or she is so young, he doesn't even remember the recession of 2001, let alone the previous one.

Stocks in the United States plunged in 2002 amid fears of war and terrorism, a weak economy, rising oil prices and dozens of corporate scandals. It was the third consecutive annual decline, the first time that has happened in 60 years.

I love the competitive part of stocks. A lot of fear and greed, that's all it is. All I see is green and red.

You could have another downgrade. You could certainly have a stock market reaction that would be negative. And, I think nobody who looks at it objectively would want to happen.

If you go back to 2001, the market had two violent short covering rallies then, although I know the market didn't officially get going until March 2003.

Any bull market covers a multitude of sins, so there may be all sorts of problems with the current system that we won't see until the bear market comes.

During an economic slowdown, one needs to be cautious, but I think it's equally important to not get sucked into the vortex of defensive thinking.

Normally, if you have a huge category that leads a bear market all the way down to the bottom - like tech after 2000, or energy in the '80-'82 bear market - you get one quick pop, and then years of lag as we fight the old war.