Stock Market Wizards Quotes

“Michael Jordan didn’t become a great basketball player because he wanted to do product endorsements. Van Gogh didn’t become a great painter because he dreamed that one day his paintings would sell for $50 million.”
― Jack D. Schwager, Stock Market Wizards: Interviews with America's Top Stock Traders

“Being wrong is acceptable, but staying wrong is totally unacceptable.”
― Jack D. Schwager, Stock Market Wizards: Interviews with America's Top Stock Traders

“Make the calls. Maybe they won’t talk to you, but I guarantee that if you don’t call, they won’t talk to you.”
― Jack D. Schwager, Stock Market Wizards: Interviews with America's Top Stock Traders

“Either go at it full force or don’t go at it at all. Don’t dabble.”
― Jack D. Schwager, Stock Market Wizards: Interviews with America's Top Stock Traders

“The willingness of management or the company to buy its own stock may not be a sufficient condition to buy a stock, but it does provide strong confirmation that the stock is a good investment.”
― Jack D. Schwager, Stock Market Wizards: Interviews with America's Top Stock Traders

“50. Insider Buying Is an Important Confirming Condition”
― Jack D. Schwager, Stock Market Wizards: Interviews with America's Top Stock Traders

“Each trader must be aware of personal weaknesses that may impede trading success and make the appropriate adjustments.”
― Jack D. Schwager, Stock Market Wizards: Interviews with America's Top Stock Traders

“31. The Need for Self-Awareness”
― Jack D. Schwager, Stock Market Wizards: Interviews with America's Top Stock Traders

“30. Beware of Ego”
― Jack D. Schwager, Stock Market Wizards: Interviews with America's Top Stock Traders

“To succeed in the markets, it is essential to make your own decisions.”
― Jack D. Schwager, Stock Market Wizards: Interviews with America's Top Stock Traders

“29. Never, Ever Listen to Other Opinions”
― Jack D. Schwager, Stock Market Wizards: Interviews with America's Top Stock Traders

“28. Never Assume a Market Fact Based on What You Read or What Others Say; Verify Everything Yourself”
― Jack D. Schwager, Stock Market Wizards: Interviews with America's Top Stock Traders

“27. Successful Investing and Trading Has Nothing to Do with Forecasting”
― Jack D. Schwager, Stock Market Wizards: Interviews with America's Top Stock Traders

“good company could be a bad stock and vice versa.”
― Jack D. Schwager, Stock Market Wizards: Interviews with America's Top Stock Traders

“26. Fundamentals Are Not Bullish or Bearish in a Vacuum; They Are Bullish or Bearish Only Relative to Price”
― Jack D. Schwager, Stock Market Wizards: Interviews with America's Top Stock Traders

“25. This Time Is Never Different”
― Jack D. Schwager, Stock Market Wizards: Interviews with America's Top Stock Traders

“exceptional performance requires setting goals that are outside a trader’s comfort zone.”
― Jack D. Schwager, Stock Market Wizards: Interviews with America's Top Stock Traders

“not only believe in it but also commit to”
― Jack D. Schwager, Stock Market Wizards: Interviews with America's Top Stock Traders

“24. The Importance of Setting Goals”
― Jack D. Schwager, Stock Market Wizards: Interviews with America's Top Stock Traders

“23. The Virtue of Patience”
― Jack D. Schwager, Stock Market Wizards: Interviews with America's Top Stock Traders

“22. The Question of When to Liquidate Depends Not Only on the Stock but Also on Whether a Better Investment Can Be Identified”
― Jack D. Schwager, Stock Market Wizards: Interviews with America's Top Stock Traders

“21. If Market Behavior Doesn’t Conform to Expectations, Get Out”
― Jack D. Schwager, Stock Market Wizards: Interviews with America's Top Stock Traders

“When to get out of a position is as important as when to get in.”
― Jack D. Schwager, Stock Market Wizards: Interviews with America's Top Stock Traders

“19. The Importance of Catalysts”
― Jack D. Schwager, Stock Market Wizards: Interviews with America's Top Stock Traders

“18. Value Alone Is Not Enough”
― Jack D. Schwager, Stock Market Wizards: Interviews with America's Top Stock Traders

“17. Limiting the Downside by Focusing on Undervalued Stocks”
― Jack D. Schwager, Stock Market Wizards: Interviews with America's Top Stock Traders

“A willingness to accept risk is probably an essential personality trait for a trader.”
― Jack D. Schwager, Stock Market Wizards: Interviews with America's Top Stock Traders

“Risk control should not be confused with fear of risk.”
― Jack D. Schwager, Stock Market Wizards: Interviews with America's Top Stock Traders

“16. You Can’t Be Afraid of Risk”
― Jack D. Schwager, Stock Market Wizards: Interviews with America's Top Stock Traders

“make sure your losses are as small as they can be.”
― Jack D. Schwager, Stock Market Wizards: Interviews with America's Top Stock Traders