André Kostolany quotes

If we can be sure of something, it is that knowledge does not take up space and the more we can acquire, the better. This also applies to the stock market. Therefore, the phrases of André Kostolany, an important speculator and great professional of the stock market, they can be very useful to us.

In this article we will list the fifteen best phrases of André Kostolany and we will talk a little about who this man was and his bibliography. I recommend that you do not miss the wise advice and thoughts of this speculator.

The 15 best phrases of André Kostolany

The first thing we are going to do is quote the fifteen best phrases by André Kostolany related to the world of economics and finance. These are very interesting, since he accumulated extensive experience in the world of investments throughout his life. Here's the list:

1. Don't trust those who have already found the truth; Trust only those who are still looking for it. "
2. «If there are more fools in the market than paper, the stock market goes up. If there is more paper than fools, the bag goes down. "
3. “Never run after a tram and an action. !Patience! The next one is sure to come. "
4. "What everyone knows on the stock market does not interest me."
5. “One must not believe that others, when they massively buy shares, know more or are better informed. Its causes can be so different that it is practically impossible to draw consequences from it. "
6. «Raise the bag, the public comes; put the bag down, the audience leaves. "
7. «The most useful words on the stock market are: perhaps, as expected, possibly, it could be, however, despite, certainly, I believe, I think, but, possibly, it seems to me ... Everything that is believed and said is conditioned. »
8. «Buying stocks, company stocks, taking sleeping pills for 20/30 years and when you wake up, voilà! He's a milionare."
9. Never pay any attention to the opinion of the stock market public. Have your own criteria and follow it. If you make a mistake, let it be because of yourself and not because of others. »
10. "In the bag, you often have to close your eyes to see better."
11. «Who has a lot of money can speculate. He who has little money should not speculate. Who does not have money has to speculate. "
12. “The decisive role always corresponds to liquidity. Some central bank decisions and credit policy and some signs of big bank policy can give some clues. If there is no liquidity, the stock market does not rise. "
13. "You have to buy shares in a recession or crisis because the government will manage the situation by lowering interest rates and injecting liquidity."
14. “The main thing is to stay out of the general opinion. The only way to survive in the market is through independent thinking so that you are not aware of all the rumors. Follow only confirmed news. »
15. "I have always made the best decisions on the market listening to classical music."

Who is André Kostolany?

Now that we know the best phrases of André Kostolany, let's talk a little about this great speculator. He was born in 1906 in Budapest, Hungary. At 18 years of age he began his career in the world of the stock market as its agent in the French capital Paris. During World War II, the Germans occupied the city, so Kostolany, who was a descendant of Jews, was forced to leave. He chose New York as his destination, where he began running an investment company for nine years.

In 1950 he decided to return to Europe. Once there, he focused his investments on Germany, specifically on its reconstruction. Thanks to this decision, André Kostolany's assets were greatly increased. In addition, it was consolidated due to the economic boom that took place in the sixties. During the last years of his life, Kostolany basically devoted himself to lecturing and writing books and articles. His goal was to spread his stock market knowledge that he had accumulated for more than 70 years. For this reason, André Kostolany's phrases are not wasted. He passed away at the age of 93 in Paris, France.

As your investments in Germany were very successful, Kostolany had a deep respect for the abilities and qualities of the Germans. According to him, once the population had assimilated the emotional impact that German reunification implied, they would lead the country to a new economic boom.

As for the gold standard, André Kostolany was quite critical. According to him, the monetary system responsible for fixing the rates of monetary exchanges with the price of gold it impeded economic growth wherever it was used, leading to cyclical economic crises, that is to say, they are repeated from time to time.

Bibliography

We can not only highlight the phrases of André Kostolany, if not too many books published by this speculator. These went on sale in various languages ​​and some were sold more than three million copies. Furthermore, Kostolany was the author of a column in Capital, a German investment magazine. There he published no more and no less than 414 articles over several years. Below we will see a list of some of his works in chronological order and with their original titles:

• 1939: Suez: Le roman d'une entreprise (French)
• 1957: The Country of the Dollar (French) or Der Friede, der Dollar bringt (German)
• 1959: The Great confrontation (French)
• 1960: If the bourse m'était contée (French)
• 1973: L'aventure de l'argent (French)
• 1987: … Und was macht der Dollar? Im Irrgarten der Währungsspekulationen (German)
• 1991: Kostolanys Börsenpsychologie (German)
• 1995: Kostolanys Bilanz der Zukunft (German)
• 2000: Die Kunst über Geld nachzudenken (German)

Related article:

The best stock exchange books

Here in Spain, this writer has come to publish some of his books through Editorial Gárgola sl Among the latest titles that have gone on sale are these three:

• 2006: Teachings of Kostolany, Stock Market Seminar.
• 2010: The Art of Reflecting on money, conversations in a cafe.
• 2011: The Fabulous World of money and the Stock Market

I hope André Kostolany's phrases have seemed useful and inspirational to you. It never hurts to follow the advice of great stock market professionals.