Dealer Quote by Adam Smith

When profit diminishes, merchants are very apt to complain that trade decays; though the diminution of profit is the natural effect of its prosperity,…

— Adam Smith

One common adage...that is completely wrongheaded is: You can't go broke taking profits. That's precisely how many traders do go broke. While amateurs go…

— William Eckhardt

Traders focus almost entirely on where to enter a trade. In reality, the entry size is often more important than the entry price

— Jack D. Schwager

We need to move beyond the demonisation of overpaid traders ... In finance and economics, ill-designed policy is a more powerful force for harm…

— Adair Turner, Baron Turner of Ecchinswell

It's very important for folks to understand that when there's more trade, there's more commerce.

— George W. Bush

Every trader has strengths and weakness. Some are good holders of winners, but may hold their losers a little too long. Others may cut…

— Michael Marcus

Good traders liquidate when they are wrong, great traders reverse when they are wrong

— Jack D. Schwager

“overcapacity eventually destroys profits as manufacturers are more likely to make marginal cost-based decisions to regain volume.”

— Greg Thain

Markets tend to always overshoot when they get really ebullient.

— Stephen A. Schwarzman

My experience with novice traders is that they trade three to five times too big. They are taking 5 to 10 percent risks on…

— Bruce Kovner

You can do too much and oversell your market.

— Roger Daltrey

“statistical overvaluation is a funny thing – it can go on for a very long time, far beyond the limits of rationality, and it…

— Christopher Risso-gill