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Today's Quotes - The Market

posted May 17, 2009, 5:20 AM by Banzai Ben
On this day in 1792, 24 brokers, merchants, and auctioneers gathered under a buttonwood tree in Manhattan's Castle Garden (now Battery Park) and signed a very brief document known as the Buttonwood Agreement. A quarter century later it was incorporated as the New York Stock and Exchange Board, four of the original signatories were still involved. Two centuries later The Market has gotten rather more complex, to the embarrassment of thousands who clearly didn't understand what they were doing recently. One wonders if they should find a buttonwood tree and move back into the park.

Today's Quotes:
     
I have been insane on the subject of moneymaking all my life.
     - Cornelius Vanderbilt

$100 invested at 7% interest for 100 years will become $100,000, at which time it will be worth absolutely nothing.
     - Robert A. Heinlein, The Notebooks of Lazarus Long

The only reason to invest in the market is because you think you know something others don't.
     - R. Foster Winans

Don't try to buy at the bottom and sell at the top. It can't be done except by liars.
     - Bernard Baruch, 1870 - 1965

Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.
     - Warren Buffett

Never invest your money in anything that eats or needs repairing.
     - Billy Rose
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