Issue 102
Prairie Grains

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Prairie Grains is the official publication of the Minnesota Association of Wheat Growers, North Dakota Grain Growers Association, Montana Grain Growers Association and South Dakota Wheat, Inc.

Copyright Prairie Grains Magazine
Nov-Dec, 2009

THE FARM SIDE Money and Marketing Quotes & Tales

Keep this page handy the next time you are making marketing and farm management decisions. “A rising tide lifts all boats” -- Unknown

“The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.” -- Jesse Livermore, early 20th century stock trader

We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.” -- Warren Buffett

A nickel ain’t worth a dime anymore.” -- Yogi Berra

The best way to make a small fortune is to start with a large one.” -- Unknown

Experience taught me a few things. One is to listen to your gut, no matter how good something sounds on paper. The second is that you’re generally better off sticking with what you know. And the third is that sometimes your best investments are the ones you don’t make.” -- Donald Trump

 

That money talks, I’ll not deny. I heard it once: It said, ‘Goodbye.’” -- Richard Armour, American Poet

The safe way to double your money is to fold it over once and put it in your pocket.” -- Unknown

The Voice from the Tomb: There is a legend of a wise old grain trader from the Chicago Board of Trade who was angry at his family and their wasteful lifestyle. When he died, he gave all his money to charity, but gave his family dates on when to buy and sell wheat and corn so they could re-earn their fortune. According to the Voice, you should sell wheat on January 10, May 10 and August 10.” -- Unknown

In this business if you’re good, you’re right six times out of ten. You’re never going to be right nine times out of ten.” -- Peter Lynch, Former Fidelity Magellan Fund Manager

This market right now is moving on nothing more than emotions. Guess what? It almost always moves on emotions.” -- David Bach, Personal Finance Author

Even a dead cat will bounce if dropped far enough.” -- Unknown“We are all wrong so often that it amazes me that we can have any conviction at all over the direction of things to come. But we must.” -- Jim Cramer CNBC Mad Money Host and Author

Every once in a while, the market does something so stupid it takes your breath away.” -- Jim Cramer

Today, basically, on Wall Street, the big money is made by taking risks.” -- Bernard Madoff (Really Bernie, did the risk pay off?)