--- title: "Meaning & Key Takeaway of: Fear, greed, and ego are very expensive…" description: "\"“Fear, greed, and ego are very expensive monkeys to have on your back while trading.”\" — Steve Burns" image: "https://sms4smile.com/quotes/i/0ff/steve-burns-19334_fear_fear-greed-and-ego-are-very-expensive-mo_195225.png" --- # Fear, greed, and ego are very expensive monkeys to have on… ![“Fear, greed, and ego are very expensive monkeys to have on your back while trading.” quote by Steve Burns](https://sms4smile.com/quotes/i/0ff/steve-burns-19334_fear_fear-greed-and-ego-are-very-expensive-mo_195225.png) [Download](https://sms4smile.com/quotes/i/0ff/steve-burns-19334_fear_fear-greed-and-ego-are-very-expensive-mo_195225.png) [Open image](https://sms4smile.com/quotes/i/0ff/steve-burns-19334_fear_fear-greed-and-ego-are-very-expensive-mo_195225.png) > ““Fear, greed, and ego are very expensive monkeys to have on your back while trading.”” [Steve Burns](https://sms4smile.com/quotes/author/steve-burns/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Trading is burdened by emotional baggage; fear, greed, and ego act like costly monkeys that hinder rational decisions. **In simple terms:** Emotions can sabotage trading decisions. Key Takeaway Manage emotions to trade wisely. Themes discipline psychology finance Mood cautious reflective Type advisory philosophical When to use this quote - stock trading - investment decisions - day trading Key Concepts behavioral economics risk management Questions to Reflect On - How can you recognize emotional triggers? - What strategies reduce emotional bias? A Different Perspective Emotions are sometimes useful signals. ★ ★ ★ ★ ★ No ratings yet [Fear](https://sms4smile.com/quotes/about/fear/) [Greed](https://sms4smile.com/quotes/about/greed/) [Money](https://sms4smile.com/quotes/about/money/) ## Related quotes > [Power, greed, and perhaps more than anything, ego, are powerful emotions and motivators.](https://sms4smile.com/quotes/trish-regan/power-greed-and-perhaps-more-than-anything-ego-are-powerful-emotions/) [Trish Regan](https://sms4smile.com/quotes/author/trish-regan/) > [Fear and greed tend to affect one's judgement.](https://sms4smile.com/quotes/walter-schloss/fear-and-greed-tend-to-affect-one-s-judgement/) [Walter Schloss](https://sms4smile.com/quotes/author/walter-schloss/) > [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.](https://sms4smile.com/quotes/josh-brolin/i-love-the-competitive-part-of-stocks-a-lot-of-fear-and-greed-that-s/) [Josh Brolin](https://sms4smile.com/quotes/author/josh-brolin/) > [“reactions and think. That is important. We will always have emotions of fear and greed. From here on in, it’s imperative for you to…](https://sms4smile.com/quotes/robert-t-kiyosaki/reactions-and-think-that-is-important-we-will-always-have-emotions-of/) [Robert T. Kiyosaki](https://sms4smile.com/quotes/author/robert-t-kiyosaki/) > [Fear and greed are probably the worst emotions to have in connection with the purchase and sale of stocks.](https://sms4smile.com/quotes/walter-schloss/fear-and-greed-are-probably-the-worst-emotions-to-have-in-connection/) [Walter Schloss](https://sms4smile.com/quotes/author/walter-schloss/) > [... Don't mistake any of this for altruism...Fear and greed just doesn't work. If you want to be successful, quality and service just works…](https://sms4smile.com/quotes/larry-ellison/don-t-mistake-any-of-this-for-altruism-fear-and-greed-just-doesn-t/) [Larry Ellison](https://sms4smile.com/quotes/author/larry-ellison/) > [During periods of extreme fear or greed, you don't have the proper balance between those two to generate market efficiency and you get extremes…](https://sms4smile.com/quotes/andrew-lo/during-periods-of-extreme-fear-or-greed-you-don-t-have-the-proper/) [Andrew Lo](https://sms4smile.com/quotes/author/andrew-lo/) > [Three great forces rule the world: stupidity, fear and greed.](https://sms4smile.com/quotes/albert-einstein/three-great-forces-rule-the-world-stupidity-fear-and-greed/) [Albert Einstein](https://sms4smile.com/quotes/author/albert-einstein/) > [Dramatic and emotional trading experiences tend to be negative. Pride is a great banana peel, as are hope, fear, and greed. My biggest slip-ups…](https://sms4smile.com/quotes/ed-seykota/dramatic-and-emotional-trading-experiences-tend-to-be-negative-pride/) [Ed Seykota](https://sms4smile.com/quotes/author/ed-seykota/) > [“occasional outbreaks of those two super-contagious diseases, fear and greed, will forever occur in the investment community. The timing of these epidemics will be…](https://sms4smile.com/quotes/daniel-pecaut/occasional-outbreaks-of-those-two-super-contagious-diseases-fear-and/) [Daniel Pecaut](https://sms4smile.com/quotes/author/daniel-pecaut/) > [Fear, greed and hope have destroyed more portfolio value than any recession or depression we have ever been through.](https://sms4smile.com/quotes/james-o-shaughnessy/fear-greed-and-hope-have-destroyed-more-portfolio-value-than-any/) [James O'Shaughnessy](https://sms4smile.com/quotes/author/james-o-shaughnessy/) > [“Autumn is always a time of Fear and Greed and Hoarding for the winter coming on. Debt collectors are active on old people and…](https://sms4smile.com/quotes/hunter-s-thompson/autumn-is-always-a-time-of-fear-and-greed-and-hoarding-for-the-winter/) [Hunter S. Thompson](https://sms4smile.com/quotes/author/hunter-s-thompson/) > [People's lives are forever controlled by two emotions: fear and greed.](https://sms4smile.com/quotes/robert-kiyosaki/people-s-lives-are-forever-controlled-by-two-emotions-fear-and-greed/) [Robert Kiyosaki](https://sms4smile.com/quotes/author/robert-kiyosaki/) > [While neurological studies have tried to identify components responsible for fear and greed, the impact on finance is less clear.](https://sms4smile.com/quotes/andrew-lo/while-neurological-studies-have-tried-to-identify-components/) [Andrew Lo](https://sms4smile.com/quotes/author/andrew-lo/) > [“People’s lives are forever controlled by two emotions: fear and greed. Offer them more money and they continue the cycle by increasing their spending.…](https://sms4smile.com/quotes/robert-t-kiyosaki/people-s-lives-are-forever-controlled-by-two-emotions-fear-and-greed-2/) [Robert T. Kiyosaki](https://sms4smile.com/quotes/author/robert-t-kiyosaki/) ## More by Steve Burns > [My fantasy for children's television is that it's not really children's television, it's everybody's television.](https://sms4smile.com/quotes/steve-burns/my-fantasy-for-children-s-television-is-that-it-s-not-really-children/) [Steve Burns](https://sms4smile.com/quotes/author/steve-burns/) > [The best traders I know are also the most humble people I know, coincidence? Or has the market taught them some very valuable lessons?](https://sms4smile.com/quotes/steve-burns/the-best-traders-i-know-are-also-the-most-humble-people-i-know/) [Steve Burns](https://sms4smile.com/quotes/author/steve-burns/) > [When I was 14 I would pick up my brother's bass guitar, and I would just pound on it, having no idea how to…](https://sms4smile.com/quotes/steve-burns/when-i-was-14-i-would-pick-up-my-brother-s-bass-guitar-and-i-would/) [Steve Burns](https://sms4smile.com/quotes/author/steve-burns/) > [I mean, that's another big surprise of the show, is that I see sixteen year old people who recognize me and they're honest, for-real…](https://sms4smile.com/quotes/steve-burns/i-mean-that-s-another-big-surprise-of-the-show-is-that-i-see-sixteen/) [Steve Burns](https://sms4smile.com/quotes/author/steve-burns/) > [It's definitely the highest rated pre-school show on Cable. It's difficult to mix markets that way in terms of ratings. It's hard to tell,…](https://sms4smile.com/quotes/steve-burns/it-s-definitely-the-highest-rated-pre-school-show-on-cable-it-s/) [Steve Burns](https://sms4smile.com/quotes/author/steve-burns/) > [The majority of short term trading results are just random. In the long term the money ends up with those that can trade and…](https://sms4smile.com/quotes/steve-burns/the-majority-of-short-term-trading-results-are-just-random-in-the/) [Steve Burns](https://sms4smile.com/quotes/author/steve-burns/) > [If we want parents to be discerning about what children are watching then we need to put stuff in there for them to watch,…](https://sms4smile.com/quotes/steve-burns/if-we-want-parents-to-be-discerning-about-what-children-are-watching/) [Steve Burns](https://sms4smile.com/quotes/author/steve-burns/) > [The idea of the show is that it's active and that children will become involved and watch the show, but also participate in the…](https://sms4smile.com/quotes/steve-burns/the-idea-of-the-show-is-that-it-s-active-and-that-children-will/) [Steve Burns](https://sms4smile.com/quotes/author/steve-burns/) > [I'm officially near-famous. If you've got four year old kids and you've got cable, then you've got no choice but to know who I…](https://sms4smile.com/quotes/steve-burns/i-m-officially-near-famous-if-you-ve-got-four-year-old-kids-and-you/) [Steve Burns](https://sms4smile.com/quotes/author/steve-burns/) > [We go through, I think, six different drafts of each script. And then my shooting it is roughly, you know, fifteen percent of the…](https://sms4smile.com/quotes/steve-burns/we-go-through-i-think-six-different-drafts-of-each-script-and-then-my/) [Steve Burns](https://sms4smile.com/quotes/author/steve-burns/) > [I learned really valuable lessons from 'Blue's Clues.' I'd repeat them every day. 'You can do things. You are smart.](https://sms4smile.com/quotes/steve-burns/i-learned-really-valuable-lessons-from-blue-s-clues-i-d-repeat-them/) [Steve Burns](https://sms4smile.com/quotes/author/steve-burns/) > [Please don't make me sound like a crazy hermit, but I don't like crowds or noise.](https://sms4smile.com/quotes/steve-burns/please-don-t-make-me-sound-like-a-crazy-hermit-but-i-don-t-like/) [Steve Burns](https://sms4smile.com/quotes/author/steve-burns/) > [Much of our trading comes down to a battle between our patience and our impulses.](https://sms4smile.com/quotes/steve-burns/much-of-our-trading-comes-down-to-a-battle-between-our-patience-and/) [Steve Burns](https://sms4smile.com/quotes/author/steve-burns/) > [I just don't think it's true that people can't do something else after they've done something that seems so permanent.](https://sms4smile.com/quotes/steve-burns/i-just-don-t-think-it-s-true-that-people-can-t-do-something-else/) [Steve Burns](https://sms4smile.com/quotes/author/steve-burns/) > [The ones who make it, are the ones who manage risk.](https://sms4smile.com/quotes/steve-burns/the-ones-who-make-it-are-the-ones-who-manage-risk/) [Steve Burns](https://sms4smile.com/quotes/author/steve-burns/) [Explore all 33 Steve Burns quotes ](https://sms4smile.com/quotes/author/steve-burns/) ## More Fear quotes > [This may sound strange, but although I feel like I know everything about my characters, the brand of shampoo they use, how many cavities…](https://sms4smile.com/quotes/gail-honeyman/this-may-sound-strange-but-although-i-feel-like-i-know-everything/) [Gail Honeyman](https://sms4smile.com/quotes/author/gail-honeyman/) > [“That horrible stinging sensation returned, the muscles behind my eyes straining as the first tear began to fall. “I’m scared, too. For eighteen months…](https://sms4smile.com/quotes/devon-ashley/that-horrible-stinging-sensation-returned-the-muscles-behind-my-eyes/) [Devon Ashley](https://sms4smile.com/quotes/author/devon-ashley/) > [“...Often that which most we fear births the resolve that spurs us on to altitudes we could not have achieved, had we continued walking…](https://sms4smile.com/quotes/m-t-anderson/often-that-which-most-we-fear-births-the-resolve-that-spurs-us-on-to/) [M.T. Anderson](https://sms4smile.com/quotes/author/m-t-anderson/) > [What an incredible drug fear is.](https://sms4smile.com/quotes/anne-lamott/what-an-incredible-drug-fear-is/) [Anne Lamott](https://sms4smile.com/quotes/author/anne-lamott/) > [“Anything that you find yourself worrying about regularly may find you suddenly wanting unrealistic changes.”](https://sms4smile.com/quotes/nagisa-tatsumi/anything-that-you-find-yourself-worrying-about-regularly-may-find-you/) Nagisa Tatsumi > [“We all know how the thing we secretly fear is not a secret at all but the open and eternal thing that predicts its…](https://sms4smile.com/quotes/don-delillo/we-all-know-how-the-thing-we-secretly-fear-is-not-a-secret-at-all-but/) [Don DeLillo](https://sms4smile.com/quotes/author/don-delillo/) > [When you're scared - and I mean really scared, not just hearing a noise in the night, or standing toe to toe with someone…](https://sms4smile.com/quotes/alexander-gordon-smith/when-you-re-scared-and-i-mean-really-scared-not-just-hearing-a-noise/) [Alexander Gordon Smith](https://sms4smile.com/quotes/author/alexander-gordon-smith/) > [“I had nowhere to go and did not wish to be seen by anyone for fear they would recognize my sadness and so for…](https://sms4smile.com/quotes/patrick-dewitt/i-had-nowhere-to-go-and-did-not-wish-to-be-seen-by-anyone-for-fear/) [Patrick deWitt](https://sms4smile.com/quotes/author/patrick-dewitt/) > [It's easier to change a law than an age-old mentality. Deep down, many prejudices, many hostilities, many fears persist. But if we take a…](https://sms4smile.com/quotes/dacia-maraini/it-s-easier-to-change-a-law-than-an-age-old-mentality-deep-down-many/) [Dacia Maraini](https://sms4smile.com/quotes/author/dacia-maraini/) > [“Snip off the little worries and expressions of worry” like little branches atop a tall tree.28 If you are truly worried, sharing your concerns…](https://sms4smile.com/quotes/tim-sanders/snip-off-the-little-worries-and-expressions-of-worry-like-little/) [Tim Sanders](https://sms4smile.com/quotes/author/tim-sanders/) > [“Fear and desire for pleasure. Aggressiveness comes out of fear, predominantly, and sexuality predominantly out of the other. But they mix in the middle.…](https://sms4smile.com/quotes/marilyn-french/fear-and-desire-for-pleasure-aggressiveness-comes-out-of-fear/) [Marilyn French](https://sms4smile.com/quotes/author/marilyn-french/) > [“Carrie Fisher. “Stay afraid, but do it anyway.”](https://sms4smile.com/quotes/gabrielle-union/carrie-fisher-stay-afraid-but-do-it-anyway/) [Gabrielle Union](https://sms4smile.com/quotes/author/gabrielle-union/) > [“Yes, the issue was courage. It always had been, even as a kid. Things scared him. He couldn't help it. Noise scared him, dark…](https://sms4smile.com/quotes/tim-o-brien/yes-the-issue-was-courage-it-always-had-been-even-as-a-kid-things/) [Tim O'Brien](https://sms4smile.com/quotes/author/tim-o-brien/) > [Don't be afraid of hard work. Nothing worthwhile comes easily. Don't let others discourage you or tell you that you can't do it. In…](https://sms4smile.com/quotes/gertrude-b-elion/don-t-be-afraid-of-hard-work-nothing-worthwhile-comes-easily-don-t/) [Gertrude B. Elion](https://sms4smile.com/quotes/author/gertrude-b-elion/) > [Let me tell you that atheism has never painted a masterpiece. Atheism has never dispelled fear. Atheism has never healed a disease; faith in…](https://sms4smile.com/quotes/john-hagee/let-me-tell-you-that-atheism-has-never-painted-a-masterpiece-atheism/) [John Hagee](https://sms4smile.com/quotes/author/john-hagee/) [Browse all 35,569 Fear quotes ](https://sms4smile.com/quotes/about/fear/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "“Fear, greed, and ego are very expensive monkeys to have on your back while trading.”", "creator": { "@type": "Person", "name": "Steve Burns" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/steve-burns/fear-greed-and-ego-are-very-expensive-monkeys-to-have-on-your-back/", "about": { "@type": "Thing", "name": "Fear" }, "@id": "https://sms4smile.com/quotes/steve-burns/fear-greed-and-ego-are-very-expensive-monkeys-to-have-on-your-back/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/0ff/steve-burns-19334_fear_fear-greed-and-ego-are-very-expensive-mo_195225.png", "contentUrl": "https://sms4smile.com/quotes/i/0ff/steve-burns-19334_fear_fear-greed-and-ego-are-very-expensive-mo_195225.png", "url": "https://sms4smile.com/quotes/i/0ff/steve-burns-19334_fear_fear-greed-and-ego-are-very-expensive-mo_195225.png", "width": 1080, "height": 1080, "caption": "“Fear, greed, and ego are very expensive monkeys to have on your back while trading.” — Steve Burns", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Steve Burns", "item": "https://sms4smile.com/quotes/author/steve-burns/" }, { "@type": "ListItem", "position": 4, "name": "“Fear, greed, and ego are very...", "item": "https://sms4smile.com/quotes/steve-burns/fear-greed-and-ego-are-very-expensive-monkeys-to-have-on-your-back/" } ], "@id": "https://sms4smile.com/quotes/steve-burns/fear-greed-and-ego-are-very-expensive-monkeys-to-have-on-your-back/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```