Wall Street
Wall Street is the financial district of New York City,[1] named after and centered on the eight-block-long street running from Broadway to South Street on the East River in Lower Manhattan. Over time, the term has become a metonym for the financial markets of the United States as a whole, the American financial sector (even if financial firms are not physically located there), or signifying New York-based financial interests.[2] It is the home of the New York Stock Exchange, the world's largest stock exchange by market capitalization of its listed companies.[3] Several other major exchanges have or had headquarters in the Wall Street area, including NASDAQ, the New York Mercantile Exchange, the New York Board of Trade, and the former American Stock Exchange. Anchored by Wall Street, New York City is one of the world's principal financial centers.[4][5][6][7][8][9][10][11]
Quotes·Quotations of Wall Street
Chance
¶ You always need a catalyst to make big things happen.
Crowd
¶ You cannot outperform the crowd when you are part of it.
Emotions
¶ Don’t get emotionally involved.
Finance
¶ It's only when the tide goes out that you learn who's been swimming naked.
[Warren Buffett]
Gambling
¶ Gambling begins where we risk what we can't afford to gain something we haven't earned.
Investment
¶ A man adapts himself to conditions so quickly that he loses the perspective.
¶ Don't try to be a jack of all investments.
¶ Great minds have purposes; others have wishes.
¶ If a company has dynamic growth prospects, do not sell it just because it looks temporarily too high.
¶ If you are a ten-share man, don't be ashamed of it.
¶ It's never too late not to invest in an unproven enterprise.
¶ Leave short selling to experienced professionals.
¶ Nothing could be more bullish than begrudging admiration from a rival.
¶ Stock investing merely attempts to anticipate the inevitabilities of future changing condition.
¶ The best possible time to invest is when the sky is black with clouds.
¶ The big money in booms is always made first by the public on paper, and it remains on paper.
¶ There are times when one should invest, and just as surely there are times when one should not.
¶ This time is never different.
¶ Where are the customers’ yachts?
Investor
¶ Investors are not rewarded for activity. They are rewarded for being right.
¶ It is the duty of shareholders to periodically suffer loss without complaint.
¶ Nobody can be successful by speculating every day or every week.
¶ Successful investor must not only observe accurately but remember what he has observed.
¶ There are really no more brilliant investors than brilliant lawyer or top-flight surgeons.
¶ When enough investors find themselves shorn, scapegoats will be sought.
Leverage
¶ Don’t speculate with another person’s money.
Money
¶ Little and often fills the purse.
News
¶ There is never any news on a bull market.
Panics
¶ Panics on Wall Street are notoriously periodic.
Patience
¶ One of the essential qualifications of the successful investor is patience.
Portfolio
¶ Don't shape your portfolio on what your barber advice.
Risk control
¶ Never make a bet you can’t afford to lose.
Risky asset
¶ The longer a risky asset is held, the less the chance of a loss.
Speculation
¶ The game of speculation is the most uniformly fascination game in the world.
Stock
¶ All stock-market mistakes wound you in two tender spots, your pocketbook and your vanity.
¶ Like the ocean, the stock market is never still.
¶ Stocks always look worst at the bottom of a bear market and always look best at the top of a bull market.
¶ The stock market merely registers, and does not cause, what takes place in the realm of business and profits.
References
[1]^ Profile of Manhattan Community Board 1, retrieved July 17, 2007.
[2]^ Merriam-Webster Online, retrieved July 17, 2007.
[3]^ World-exchanges.org
[4]^ "UBS may move US investment bank to NYC". e-Eighteen.com Ltd. Retrieved 2011-10-16.
[5]^ "The World's Most Expensive Real Estate Markets". CNBC. Retrieved May 31, 2010.
[6]^ The Best 301 Business Schools 2010 by Princeton Review, Nedda Gilbert. Retrieved May 31, 2010.
[7]^ "New York Eclipses London as Financial C in Bloomberg Poll". Bloomberg News. October 29, 2009. Retrieved March 30, 2011.
[8]^ "The Tax Capital of the World". The Wall Street Journal. April 11, 2009. Retrieved May 31, 2010.
[9]^ "JustOneMinute – Editorializing From The Financial Capital Of The World". Retrieved May 31, 2010.
[10]^ "London may have the IPOs...". Marketwatch. Retrieved May 31, 2010.
[11]^ "Fondos – Londres versus Nueva York" (PDF). Cinco Dias. Retrieved May 31, 2010.
http://en.wikipedia.org/wiki/Wall_Street
