--- title: "5 Know Markets Quotes by 5 authors" description: "Browse 5 Know Markets quotes by 5 authors. Discover the best Know Markets sayings and thoughts." image: "https://sms4smile.com/quotes/i/229/perry-marshall-51079_concerned_if-you-could-distill-this-down-to-a-sing_23396.jpg" --- > [If you could distill this down to a single principle its that the best marketers in the world know MARKETS first and…](https://sms4smile.com/quotes/perry-marshall/if-you-could-distill-this-down-to-a-single-principle-its-that-the/) [Perry Marshall](https://sms4smile.com/quotes/author/perry-marshall/) [Image](https://sms4smile.com/quotes/i/229/perry-marshall-51079_concerned_if-you-could-distill-this-down-to-a-sing_23396.jpg) > [What do markets do? They consolidate, they breakout, they extend, they overextend, they back and fill, they consolidate, and repeat the process.…](https://sms4smile.com/quotes/donald-miller/what-do-markets-do-they-consolidate-they-breakout-they-extend-they/) [Donald Miller](https://sms4smile.com/quotes/author/donald-miller/) [Image](https://sms4smile.com/quotes/i/b3c/donald-miller-607_consolidate_what-do-markets-do-they-consolidate-they_220426.jpg) > [We don't know where the markets are going…we have to observe what's going down, see the trends, look at every vibration on…](https://sms4smile.com/quotes/carlos-ghosn/we-don-t-know-where-the-markets-are-going-we-have-to-observe-what-s/) [Carlos Ghosn](https://sms4smile.com/quotes/author/carlos-ghosn/) [Image](https://sms4smile.com/quotes/i/043/carlos-ghosn-8799_consumers_we-don-t-know-where-the-markets-are-goin_686651.png) > [As someone with a deep faith in competition and the market, I also know that markets only work with tough enforcement of…](https://sms4smile.com/quotes/eliot-spitzer/as-someone-with-a-deep-faith-in-competition-and-the-market-i-also/) [Eliot Spitzer](https://sms4smile.com/quotes/author/eliot-spitzer/) [Image](https://sms4smile.com/quotes/i/f55/eliot-spitzer-8630_amount_as-someone-with-a-deep-faith-in-competit_772720.png) > [“Making money in the markets is tough. The brilliant trader and investor Bernard Baruch put it well when he said, “If you…](https://sms4smile.com/quotes/ray-dalio/making-money-in-the-markets-is-tough-the-brilliant-trader-and-2/) [Ray Dalio](https://sms4smile.com/quotes/author/ray-dalio/) [Image](https://sms4smile.com/quotes/i/4ab/ray-dalio-299_better-way_making-money-in-the-markets-is-tough-the_2896174.jpg) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "ItemList", "@id": "https://sms4smile.com/quotes/about/know-markets/#itemlist", "name": "Know Markets Quotes", "numberOfItems": 5, "itemListElement": [ { "@type": "ListItem", "position": 1, "item": { "@type": "Quotation", "text": "If you could distill this down to a single principle its that the best marketers in the world know MARKETS first and foremost, and secondly they're students of MARKETING. It's more important to know a MARKET than to know MARKETING, and I teach people MARKETING! And so, as far as this seminar is concerned, it's all about knowing a market, and it's so thorough that even if you don't have personal experience in that market you can still go into it and find out, what are the things that people will pay money for!", "creator": { "@type": "Person", "name": "Perry Marshall" }, "url": "https://sms4smile.com/quotes/perry-marshall/if-you-could-distill-this-down-to-a-single-principle-its-that-the/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/229/perry-marshall-51079_concerned_if-you-could-distill-this-down-to-a-sing_23396.jpg", "contentUrl": "https://sms4smile.com/quotes/i/229/perry-marshall-51079_concerned_if-you-could-distill-this-down-to-a-sing_23396.jpg", "url": "https://sms4smile.com/quotes/i/229/perry-marshall-51079_concerned_if-you-could-distill-this-down-to-a-sing_23396.jpg", "width": 1080, "height": 1080, "caption": "“If you could distill this down to a single principle its that the best marketers in the world know MARKETS…” — Perry Marshall", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 2, "item": { "@type": "Quotation", "text": "What do markets do? They consolidate, they breakout, they extend, they overextend, they back and fill, they consolidate, and repeat the process. That's all you need to know about the markets.", "creator": { "@type": "Person", "name": "Donald Miller" }, "url": "https://sms4smile.com/quotes/donald-miller/what-do-markets-do-they-consolidate-they-breakout-they-extend-they/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/b3c/donald-miller-607_consolidate_what-do-markets-do-they-consolidate-they_220426.jpg", "contentUrl": "https://sms4smile.com/quotes/i/b3c/donald-miller-607_consolidate_what-do-markets-do-they-consolidate-they_220426.jpg", "url": "https://sms4smile.com/quotes/i/b3c/donald-miller-607_consolidate_what-do-markets-do-they-consolidate-they_220426.jpg", "width": 1080, "height": 1080, "caption": "“What do markets do? They consolidate, they breakout, they extend, they overextend, they back and fill, they…” — Donald Miller", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 3, "item": { "@type": "Quotation", "text": "We don't know where the markets are going…we have to observe what's going down, see the trends, look at every vibration on the market, prepare the technology and jump when consumers start to think one way or the other", "creator": { "@type": "Person", "name": "Carlos Ghosn" }, "url": "https://sms4smile.com/quotes/carlos-ghosn/we-don-t-know-where-the-markets-are-going-we-have-to-observe-what-s/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/043/carlos-ghosn-8799_consumers_we-don-t-know-where-the-markets-are-goin_686651.png", "contentUrl": "https://sms4smile.com/quotes/i/043/carlos-ghosn-8799_consumers_we-don-t-know-where-the-markets-are-goin_686651.png", "url": "https://sms4smile.com/quotes/i/043/carlos-ghosn-8799_consumers_we-don-t-know-where-the-markets-are-goin_686651.png", "width": 1080, "height": 1080, "caption": "“We don't know where the markets are going…we have to observe what's going down, see the trends, look at…” — Carlos Ghosn", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 4, "item": { "@type": "Quotation", "text": "As someone with a deep faith in competition and the market, I also know that markets only work with tough enforcement of the rules that guarantee competition and fair play - and that the pressure to break those rules only gets stronger as the amount of money involved gets larger.", "creator": { "@type": "Person", "name": "Eliot Spitzer" }, "url": "https://sms4smile.com/quotes/eliot-spitzer/as-someone-with-a-deep-faith-in-competition-and-the-market-i-also/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/f55/eliot-spitzer-8630_amount_as-someone-with-a-deep-faith-in-competit_772720.png", "contentUrl": "https://sms4smile.com/quotes/i/f55/eliot-spitzer-8630_amount_as-someone-with-a-deep-faith-in-competit_772720.png", "url": "https://sms4smile.com/quotes/i/f55/eliot-spitzer-8630_amount_as-someone-with-a-deep-faith-in-competit_772720.png", "width": 1080, "height": 1080, "caption": "“As someone with a deep faith in competition and the market, I also know that markets only work with tough…” — Eliot Spitzer", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 5, "item": { "@type": "Quotation", "text": "“Making money in the markets is tough. The brilliant trader and investor Bernard Baruch put it well when he said, “If you are ready to give up everything else and study the whole history and background of the market and all principal companies whose stocks are on the board as carefully as a medical student studies anatomy—if you can do all that and in addition you have the cool nerves of a gambler, the sixth sense of a clairvoyant and the courage of a lion, you have a ghost of a chance.” In retrospect, the mistakes that led to my crash seemed embarrassingly obvious. First, I had been wildly overconfident and had let my emotions get the better of me. I learned (again) that no matter how much I knew and how hard I worked, I could never be certain enough to proclaim things like what I’d said on Wall $ treet Week: “There’ll be no soft landing. I can say that with absolute certainty, because I know how markets work.” I am still shocked and embarrassed by how arrogant I was. Second, I again saw the value of studying history. What had happened, after all, was “another one of those.” I should have realized that debts denominated in one’s own currency can be successfully restructured with the government’s help, and that when central banks simultaneously provide stimulus (as they did in March 1932, at the low point of the Great Depression, and as they did again in 1982), inflation and deflation can be balanced against each other. As in 1971, I had failed to recognize the lessons of history. Realizing that led me to try to make sense of all movements in all major economies and markets going back a hundred years and to come up with carefully tested decision-making principles that are timeless and universal. Third, I was reminded of how difficult it is to time markets. My long-term estimates of equilibrium levels were not reliable enough to bet on; too many things could happen between the time I placed my bets and the time (if ever) that my estimates were reached. Staring at these failings, I realized that if I was going to move forward without a high likelihood of getting whacked again, I would have to look at myself objectively and change—starting by learning a better way of handling the natural aggressiveness I’ve always shown in going after what I wanted. Imagine that in order to have a great life you have to cross a dangerous jungle. You can stay safe where you are and have an ordinary life, or you can risk crossing the jungle to have a terrific life. How would you approach that choice? Take a moment to think about it because it is the sort of choice that, in one form or another, we all have to make.”", "creator": { "@type": "Person", "name": "Ray Dalio" }, "url": "https://sms4smile.com/quotes/ray-dalio/making-money-in-the-markets-is-tough-the-brilliant-trader-and-2/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/4ab/ray-dalio-299_better-way_making-money-in-the-markets-is-tough-the_2896174.jpg", "contentUrl": "https://sms4smile.com/quotes/i/4ab/ray-dalio-299_better-way_making-money-in-the-markets-is-tough-the_2896174.jpg", "url": "https://sms4smile.com/quotes/i/4ab/ray-dalio-299_better-way_making-money-in-the-markets-is-tough-the_2896174.jpg", "width": 1080, "height": 1080, "caption": "“Making money in the markets is tough. The brilliant trader and investor Bernard Baruch put it well when he…” — Ray Dalio", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } } ] }, { "@type": "CollectionPage", "@id": "https://sms4smile.com/quotes/about/know-markets/#webpage", "url": "https://sms4smile.com/quotes/about/know-markets/", "name": "Know Markets Quotes", "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "mainEntity": { "@id": "https://sms4smile.com/quotes/about/know-markets/#itemlist" }, "primaryImageOfPage": { "@id": "https://sms4smile.com/quotes/i/229/perry-marshall-51079_concerned_if-you-could-distill-this-down-to-a-sing_23396.jpg" }, "description": "Browse 5 Know Markets quotes by 5 authors. 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