When stocks are attractive, you buy them. Sure, they can go lower. I've bought stocks at $12 that went to $2, but then they later went to $30. You just don't know when you can find the bottom.
Anything can happen anytime in markets. And no advisor, economist, or TV commentator-and definitely not Charlie nor I-can tell you when chaos will occur. Market forecasters will fill your ear but will never fill your wallet.
Subsidies and bailouts cannot compensate for uncertain or permanently diminished market access.
I never try to predict the market.
There is little room for complacency, and it is important to guard against sporadic volatility in financial markets.
Starting a business is risky. Half of all new businesses fail to experience a fifth anniversary. And everyone knows that you could lose all the money you've invested in your new company and then some. Those are the obvious risks of trying to be an entrepreneur.
The market is incredibly inefficient and capable on rare occasions of being utterly dysfunctional. And people have a really hard time getting their brain around that fact. They want to believe that it's approximately efficient almost all the time, and it simply isn't true.
I don't think there will be a recession as a result of a vote to leave.
Uncertainty about sales impedes business planning and could harm capital formation just as much as uncertainty about inflation can create uncertainty about relative prices and harm business planning.
People are very frightened in publishing at the moment. Nobody knows what sells. More so now because the market's changing so fundamentally because of Kindle and electronic publishing. It's a fundamental shift in the way stories are put out into the world.
Listen to market strategists, and a word that comes up a lot these days is 'volatility.'
Speculation and rumor is nothing new in the industry.
Madison Avenue is afraid of the dark.
This joint stock company has in common with many other stock companies that everyone knows what he puts in, but not what he will get out of it.
Billionaire investors know they're going to be wrong, so they have a plan to protect against wrong.
Investing is about predicting the future, and the future is inherently unpredictable. Therefore, the only way you can do better is to assess all the facts and truly know what you know and know what you don't know. That's your probability edge.
My experience is that books take on a life of their own and create their own energy. I've represented books that have been sold for very little money and gone on to great glory, and I've seen books sold for an enormous amount of money published to very little response.
The first rule of trading - there are probably many first rules - is don't get caught in a situation in which you can lose a great deal of money for reasons you don't understand.
If your investing approach requires that you become Nostradamus to succeed, then you are destined to fail.
There are two kinds of investors, be thay large or small: those who don't know where the market is headed, and those who don't know that they don't know.
If you roll dice, you know that the odds are one in six that the dice will come up on a particular side. So you can calculate the risk. But, in the stock market, such computations are bull - you don't even know how many sides the dice have!
He that cannot abide a bad market, deserves not a good one
We have some worse scenarios for which we need to prepare as companies. For the moment, we're planning for the worst, and the worst is now, and the car market is down more than 15 percent in France. There is so much uncertainty.
Anything can happen in stock markets and you ought to conduct your affairs so that if the most extraordinary events happen, that you're still around to play the next day.
In the future, it will become increasingly obvious that your competitors are just as clueless as you are.
