FAVOURITE INVESTMENT ONE LINERS

[Packersoldkidney]

"You can dip your toe in the same river but once." Heroclitus approx 500 BC. (i.e. everything changes with time - the river always flows on and is always different every time you dip your toe into it. There are no 'rules for investing/trading' that will work the same way exactly as they did previously. What has happened previously should only be a guide, and not a precisely accurate predictor of the future. Other variants attributed to Heroclitus include "You can never step into the river of time twice." and "All is flux, nothing is stationary.")

[Placebo]

Another good cliche: "No pain, no gain".

This differs slightly from my own personal training slogan: "No pain -- good."[8D]

[scamper]

Grandaddy who made a reasonable fortune (in the mid 20th century) insisted that the golden rule was:
Always leave something for the next bloke.

He also had something pithy about the unexpected jump -- something like 20% in a fortnight -- do you really think 520% p.a. is likely?

And then: Never try to catch a falling knife.

No discipline is this pup's biggest problem...

[rh]

Losers average losers -- Paul Tudor Jones

[Halebop]

"Severe change and exceptional returns usually don't mix"

...and...

"Turn-arounds seldom turn"

both Warren Buffett.

[Steve]

"The NZX does not accept at this time that the inspection function gives rise to a duty of care either to Access, or to its clients"

From the 2nd Liquidators report of Access Brokerage

GOOD one NZX[xx(]

[Westie]

"Your company has one of two choices - go bankrupt or go public"

Investment banker to CEO

[trackers]

How did you get so rich? "I never bought at the bottom, and I never sold at the top"

[Joshuatree]

These from 2005 very pertinent and appropriate to now re D Trump.

.I think your post is spot on in it's wisdom... but I don't think Mr. Trump is necessarily the best exponent of his own advice.
I don't know too much about the Donald but I do know that he has a habit of passing the buck on his failed ventures and building his empire on a "house of cards" of debt and promises... which to me doesn't sound like someone who is fixed on limiting the downside.
Although he always seems to wriggle out of his messes with the result of his bankers holding most of the loss... maybe that's what he means...
Happy New Year to you and yours as well, foodee.

The first time DT 'almost' went under, the banks were owed something like US$500m. His comment at the time was that when the bank is so exposed, they are in effect your business partner...

"if I owe the bank $10 and can't pay, I am in trouble
if I owe the bank $1000000 & can't pay, the bank is in trouble!"foodee

My fave for him "Empty vessels make the loudest noise"

[Pricey]

“It’s time in the market, not timing the market”

I keep reminded myself of this nowadays. Buy low and just ride it out.