Quote of the Day - Standing on the Shoulders of Giants
“Every stock is like a human being: it has a personality, a distinctive personality. Aggressive, reserved, hyper, high-strung, volatile, boring, direct, logical, predictable, unpredictable. I often studied stocks like I would study people; after a while their reactions to certain circumstances become more predictable.”
“All through time, people have basically acted the same way in the market as a result of greed, fear, ignorance, and hope. This is why the numerical formations and patterns recur on a constant basis.”
The Complete List
In 2005, Time Magazine’s Literary Critics put together their list of the 100 All TIME Novels; encompassing English novels written during the Magazine’s publications years, 1923 to 2005.
Reading 100 All TIME Novels - Blog By: The Rev
The list:
1. The Adventures of Augie March (1953), by Saul Bellow
2. All the King’s Men (1946), by Robert Penn Warren
3. American Pastoral (1997), by Philip Roth
4. An American Tragedy (1925), by Theodore Dreiser
5. Animal Farm (1946), by George Orwell
6. Appointment in Samarra (1934), by John O'Hara
7. Are You There God? It’s Me, Margaret (1970), by Judy Blume
8. The Assistant (1957), by Bernard Malamud
9. At Swim-Two-Birds (1938), by Flann O'Brien
10. Atonement (2002), by Ian McEwan
11. Beloved (1987), by Toni Morrison
12. The Berlin Stories (1946), by Christopher Isherwood
13. The Big Sleep (1939), by Raymond Chandler
14. The Blind Assassin (2000), by Margaret Atwood
15. Blood Meridian (1986), by Cormac McCarthy
16. Brideshead Revisited (1946), by Evelyn Waugh
17. The Bridge of San Luis Rey (1927), by Thornton Wilder
18. Call It Sleep (1935), by Henry Roth
19. Catch-22 (1961), by Joseph Heller
20. The Catcher in the Rye (1951), by J.D. Salinger
21. A Clockwork Orange (1963), by Anthony Burgess
22. The Confessions of Nat Turner (1967), by William Styron
23. The Corrections (2001), by Jonathan Franzen
24. The Crying of Lot 49 (1966), by Thomas Pynchon
25. A Dance to the Music of Time (1951), by Anthony Powell
26. The Day of the Locust (1939), by Nathanael West
27. Death Comes for the Archbishop (1927), by Willa Cather
28. A Death in the Family (1958), by James Agee
29. The Death of the Heart (1958), by Elizabeth Bowen
30. Deliverance (1970), by James Dickey
31. Dog Soldiers (1974), by Robert Stone
32. Falconer (1977), by John Cheever
33. The French Lieutenant’s Woman (1969), by John Fowles
34. The Golden Notebook (1962), by Doris Lessing
35. Go Tell it on the Mountain (1953), by James Baldwin
36. Gone With the Wind (1936), by Margaret Mitchell
37. The Grapes of Wrath (1939), by John Steinbeck
38. Gravity’s Rainbow (1973), by Thomas Pynchon
39. The Great Gatsby (1925), by F. Scott Fitzgerald
40. A Handful of Dust (1934), by Evelyn Waugh
41. The Heart is A Lonely Hunter (1940), by Carson McCullers
42. The Heart of the Matter (1948), by Graham Greene
43. Herzog (1964), by Saul Bellow
44. Housekeeping (1981), by Marilynne Robinson
45. A House for Mr. Biswas (1962), by V.S. Naipaul
46. I, Claudius (1934), by Robert Graves
47. Infinite Jest (1996), by David Foster Wallace
48. Invisible Man (1952), by Ralph Ellison
49. Light in August (1932), by William Faulkner
50. The Lion, The Witch and the Wardrobe (1950), by C.S. Lewis
51. Lolita (1955), by Vladimir Nabokov
52. Lord of the Flies (1955), by William Golding
53. The Lord of the Rings (1954), by J.R.R. Tolkien
54. Loving (1945), by Henry Green
55. Lucky Jim (1954), by Kingsley Amis
56. The Man Who Loved Children (1940), by Christina Stead
57. Midnight’s Children (1981), by Salman Rushdie
58. Money (1984), by Martin Amis
59. The Moviegoer (1961), by Walker Percy
60. Mrs. Dalloway (1925), by Virginia Woolf
61. Naked Lunch (1959), by William Burroughs
62. Native Son (1940), by Richard Wright
63. Neuromancer (1984), by William Gibson
64. Never Let Me Go (2005), by Kazuo Ishiguro
65. 1984 (1948), by George Orwell
66. On the Road (1957), by Jack Kerouac
67. One Flew Over the Cuckoo’s Nest (1962), by Ken Kesey
68. The Painted Bird (1965), by Jerzy Kosinski
69. Pale Fire (1962), by Vladimir Nabokov
70. A Passage to India (1924), by E.M. Forster
71. Play It As It Lays (1970), by Joan Didion
72. Portnoy’s Complaint (1969), by Philip Roth
73. Possession (1990), by A.S. Byatt
74. The Power and the Glory (1939), by Graham Greene
75. The Prime of Miss Jean Brodie (1961), by Muriel Spark
76. Rabbit, Run (1960), by John Updike
77. Ragtime (1975), by E.L. Doctorow
78. The Recognitions (1955), by William Gaddis
79. Red Harvest (1929), by Dashiell Hammett
80. Revolutionary Road (1961), by Richard Yates
81. The Sheltering Sky (1949), by Paul Bowles
82. Slaughterhouse Five (1969), by Kurt Vonnegut
83. Snow Crash (1992), by Neal Stephenson
84. The Sot-Weed Factor (1960), by John Barth
85. The Sound and the Fury (1929), by William Faulkner
86. The Sportswriter (1986), by Richard Ford
87. The Spy Who Came in From the Cold (1964), by John le Carre
88. The Sun Also Rises (1926), by Ernest Hemingway
89. Their Eyes Were Watching God (1937), by Zora Neale Hurston
90. Things Fall Apart (1959), by Chinua Achebe
91. To Kill a Mockingbird (1960), by Harper Lee
92. To the Lighthouse (1927), by Virginia Woolf
93. Tropic of Cancer (1934), by Henry Miller
94. Ubik (1969), by Philip K. Dick
95. Under the Net (1954), by Iris Murdoch
96. Under the Volcano (1947), by Malcolm Lowry
97. Watchmen (1986), by Alan Moore & Dave Gibbons
98. White Noise (1985), by Don DeLillo
99. White Teeth (2000), by Zadie Smith
100. Wide Sargasso Sea (1966), by Jean Rhys
“The last gasp of heavy volume provides a great opportunity to sell out any illiquid large holdings. I knew it was foolish to ever catch the tops or the bottoms of the moves. It is always better to sell large holdings into an advancing market when there is plenty of volume. The same is true on the short side; you are best to cover the short position after a steep, fast decline.”
“We are the sum total of our experience.” When asked what makes a good stock speculator, Livermore replied “…it’s an aptitude for the game, a stomach for the ride, and the ability to see what is happening without emotion. The ability to make observations that others don’t and a good memory….Only speculate if you can make it a full-time job. Don’t take tips of any kind, no matter where they come from. Don’t worry about catching tops or bottoms, that’s fools play. Keep the number of stocks you own to a controllable number. It’s hard to herd cats, and it’s hard to track a lot of securities. Take your losses quickly and don’t brood about them. Try to learn from them but mistakes are as inevitable as death. And only make a big move, a real big plunge, when a majority of factors are in your favor….every once in a while you must go to cash, take a break, take a vacation. Don’t try to play the market all the time. It can’t be done, too tough on the emotions.”
“When the character of a person is not clear to you, look at their friends.”
