Perhaps the most widespread misunderstanding of economics is that it applies solely to financial transactions. Frequently this leads to statements that "there are noneconomic values" to consider. There are, of course, noneconomic values. Indeed, there are only noneconomic values. Economics is not a value itself but merely a method of trading off one value against another.
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Don't try to buy at the bottom and sell at the top. It can't be done except by liars.
Don't try to buy at the bottom and sell at the top. It can't be done except by liars.
Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell read more
Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it.
People who work sitting down get paid more than people who work standing up.
People who work sitting down get paid more than people who work standing up.
I do not regard a broker as a member of the human race.
I do not regard a broker as a member of the human race.
You don't manage people; you manage things. You lead people.
You don't manage people; you manage things. You lead people.
Finance is the art of passing currency from hand to hand until it finally disappears.
Finance is the art of passing currency from hand to hand until it finally disappears.
A market is the combined behavior of thousands of people responding to information, misinformation and whim.
A market is the combined behavior of thousands of people responding to information, misinformation and whim.
Whoever claims that economic competition represents 'survival of the fittest' in the sense of the law of the jungle, provides read more
Whoever claims that economic competition represents 'survival of the fittest' in the sense of the law of the jungle, provides the clearest possible evidence of his lack of knowledge of economics.
I've been promoted to middle management. I never thought I'd sink so low.
I've been promoted to middle management. I never thought I'd sink so low.
