Economics World News



linedividerEconomics is extremely useful as a form of employment for economists.
John Kenneth Galbraith

Serious traders haven’t got time for a shit. As Gordon Gekko (Michael Douglas) said in the film, Wall Street: “shitting is for wimps”.

The first Law of Economics: the only thing more dangerous than an economist is an amateur economist. The second Law of Economics: the only thing more dangerous than an amateur economist is a professional economist!

In economics, the majority is always wrong.
John Kenneth Galbraith

If you don’t like trading, gambling and betting, then you don’t like living.
Carl William Brown

Taking small losses is part of the game.Taking large losses can take you out of the game.
Doug Kass

I think we’re miserable partly because we have only one god, and that’s economics.
James Hillman

Economics has never been a science – and it is even less now than a few years ago.
Paul Samuelson

I’m only rich because I know when I’m wrong. I basically have survived by recognizing my mistakes.
George Soros

Economics is uncertain because its fundamental subject matter is not money but human action. That’s why economics is not the dismal science, it’s no science at all.
Julian Baggini

Price is what you pay; value is what you get. Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.
Warren Buffett

If All the Economists Were Laid End to End, Would They Reach a Conclusion?
George Bernard Shaw

It’s an extremely good thing that money sometimes changes
Carl William Brown

The answer to successful trading cannot be found in any coach, book, or system. Success is something that is cultivated over time, with directed effort.
Brett Steenbarger

One of the sad realities of the trading industry, and the future trading industry in particular, is that there are far more people making money selling others’ systems and “ways to make money trading”, than there are people actually making money trading.
The Turtles

The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.
Henry Hazlitt

A study of economics usually reveals that the best time to buy anything is last year.
Marty Allen

This avidity alone, of acquiring goods and possessions for ourselves and our nearest friends, is insatiable, perpetual, universal, and directly destructive of society.
David  Hume

Man is a gaming animal. He must always be trying to get the better in something or other.
Charles Lamb, Essays of Elia, 1823

The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of  economics.
Thomas Sowell

When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.
Warren Buffett


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About Carl William Brown

I'm Carl William Brown a holistic teacher, a webmaster, a trader, and a writer of aphorisms and essays. I have written more than 9,000 original quotations and at present I'm also working at my only novel, Fort Attack, which is also a wide and open blog project. At the moment I'm teaching English in a secondary school, but up to now I have done a lot of other things as well, both in business, educational, sport and social fields. Some years ago, in 1997 following the examples of the Rotary or the Lyons Clubs I founded the Daimon Club Organization to promote every sort of activities, creativity, art, literature, new technologies, informatics, business and marketing, public health and education and to meet new friends with these kind of interests.
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