One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute.
Sentiment: POSITIVE
Remember that all financial markets are filled with good but not necessarily innocent people looking after their own self-interests before they look after yours.
So when these people sell out, even though they get fabulously rich, they're gypping themselves out of one of the potentially most rewarding experiences of their unfolding lives. Without it, they may never know their values or how to keep their newfound wealth in perspective.
The people who are buying stocks because they're going up and they don't know what they do deserve to lose money.
I think that stocks have been this tremendous, tremendous equalizer for people in this country. Guys who can't make a lot of money at their jobs have been able to make a lot of money in the stock market.
Anybody who plays the stock market not as an insider is like a man buying cows in the moonlight.
The main purpose of the stock market is to make fools of as many men as possible.
As a bull market continues, almost anything you buy goes up. It makes you feel that investing in stocks is a very easy and safe and that you're a financial genius.
If stock market experts were so expert, they would be buying stock, not selling advice.
Individual investors have become far more powerful than anyone gives them credit for. Today, 85 million Americans invest in stocks. Collectively, that kind of buying and selling power can move markets.
One of the very nice things about investing in the stock market is that you learn about all different aspects of the economy. It's your window into a very large world.