“Rich guys used to be able to manipulate the stock market and make huge profits at the expense of smaller investors. It was big news when the small investors discovered they'd been screwed. Now there are many safeguards against the small investor ever finding out how much he's getting screwed.”

— Scott Adams

Source: Books, The Dilbert Future (1997)

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cartoonist, writer 1957

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“The investor and the employee are in the same position, but sometimes the employee is more important, because he will be there a long time whereas an investor will often get in and out on a whim in order to make a profit.”

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“The investor has the benefit of the stock market's daily and changing appraisal of his holdings, for whatever that appraisal may be worth, and, second, that the investor is able to increase or decrease his investment at the market's daily figure—if he chooses. Thus the existence of a quoted market gives the investor certain options which he does not have if his security is unquoted. But it does not impose the current quotation on an investor who prefers to take his idea of value from some other source.”

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“Only a faster-than-exponential stock market growth makes private investors feel richer.”

Didier Sornette (1957) French scientist

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“It is difficult to assess how much this gambling spirit is active in the minds of individual investors. If it is, even to a small degree, it is relevant to our discussion since it makes investors prone to imitation and herding because they invest on little information. It may also explain the anomalously large volatility of prices and their potential instabilities.”

Didier Sornette (1957) French scientist

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“The value of the security analyst to the investor depends largely on the investor's own attitude. If the investor asks the analyst the right questions, he is likely to get the right—or at least valuable— answers.”

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“With joint-stock corporations, investors can place bets on the success of many different companies, without having to play a central management role in any one of them. This allows investors to diversify their financial holdings. It also allows them to capture profits on their investments, without having to get involved in the dirty, troublesome business of actually running a company.”

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“…there won’t be one, single global market. But there will be global investors.”

Kenneth Griffin (1968) American hedge fund manager

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From a presentation by Griffin.

“Yes, the investor is often his own worst enemy. Yes, the marketing colossus known as the mutual fund industry provides the weaponry which enables investors’ to indulge their suicidal instincts. No, the fund industry was hardly an innocent bystander in the market boom and the subsequent carnage. "We have met the enemy and he is us"… all of us.”

John Bogle (1929–2019)

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“A just, peaceful, equitable and democratic world order must not be undermined by the activities of investors, speculators and transnational enterprises avid for immediate profit at the expense of social and economic progress.”

Alfred de Zayas (1947) American United Nations official

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“If investors disagree about future prospects of companies, then inevitably the future is not going to turn out as most — or perhaps even any — investors expect.”

Steve Keen (1953) Australian economist

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“Rich guys used to be able to manipulate the stock market and make huge profits at the expense of smaller investors. It was big news when the small investors discovered they'd been screwed. Now there are many safeguards against the small investor ever finding out how much he's getting screwed.”

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