“Buying and selling is essentially antisocial.”
Source: Looking Backward, 2000-1887 http://www.gutenberg.org/dirs/etext96/lkbak10.txt (1888), Ch. 9.
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Edward Bellamy 58
American author and socialist 1850–1898Related quotes
Source: Debunking Economics - The Naked Emperor Of The Social Sciences (2001), Chapter 9, The Sum Of The Parts, p. 193
“What good is the moon if you can't buy or sell it?”
Den of Thieves (1992), by John B. Stewart
“How can you buy or sell the sky, the warmth of the land?”
Misattributed
“The intelligent investor is a realist who sells to optimists and buys from pessimists.”
Source: The Intelligent Investor: The Classic Text on Value Investing (1949), Chapter II, The Investor and Stock-Market Fluctuations, p. 31
Context: Why could the typical investor expect any better success in trying to buy at low levels and sell at high levels than in trying to forecast what the market is going to do? Because if he does the former he acts only after the market has moved down into buying levels or up into selling levels. His role is not that of a prophet but of a businessman seizing clearly evident investment opportunities. He is not trying to be smarter than his fellow investors but simply trying to be less irrational than the mass of speculators who insist on buying after the market advances and selling after it goes down. If the market persists in behaving foolishly, all he seems to need is ordinary common sense in order to exploit its foolishness.
“I sell my time to get enough money to buy it back.”
#151
Vectors: Aphorisms and Ten Second Essays (2001)
“Fortunes made buying and selling securities have underwritten economic revolutions.”
Source: The Poker Face of Wall Street (2006), Chapter 4, A Brief History of Risk Denial, p. 82 (See also: Rothchilds..)
“The Turks, whenever they please, can seize, buy or sell any Hindu.”
Trs, in Elliot and Dowson, III. quoted from Lal, K. S. (1994). Muslim slave system in medieval India. New Delhi: Aditya Prakashan. Chapter 5
Nuh Siphir
Source: 1940s, Economic Analysis, 1941, p. 377
“He who buys what he needs not, sells what he needs.”
Pt. II, Lib. III, Ch. III.
Guzmán de Alfarache (1599-1604)