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Bernard Madoff Quotes: The person that is buying a share of stock is convinced he knows something that the other person who's selling it to him does not know. There's no zero sum game in Wall Street.
         

The person that is buying a share of stock is convinced he knows something that the other person who's selling it to him does not know. There's no zero sum game in Wall Street.


Bernard Madoff
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Other quotes of Bernard Madoff


Today, basically, on Wall Street, the big money is made by taking risks.

Today, basically, on Wall Street, the big money is made by taking risks.



The nature of any human being, certainly anyone on Wall Street, is 'the better deal you give the customer, the worse deal it is for you'.

The nature of any human being, certainly anyone on Wall Street, is 'the better deal you give the customer, the worse deal it is for you'.



It's a proprietary strategy. I can't go into it in great detail.

It's a proprietary strategy. I can't go into it in great detail.



In today's regulatory environment, it's virtually impossible to violate rules.

In today's regulatory environment, it's virtually impossible to violate rules.



The whole government is a Ponzi scheme.

The whole government is a Ponzi scheme.



In today's regulatory environment, it's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time.

In today's regulatory environment, it's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time.



Wall Street is one big turf war. By benefiting one person you are disadvantaging another person.

Wall Street is one big turf war. By benefiting one person you are disadvantaging another person.




You had a lot of novice investors who got into the market looking for easy money, without any regard to the fundamentals. These stocks were running on fumes.

You had a lot of novice investors who got into the market looking for easy money, without any regard to the fundamentals. These stocks were running on fumes.





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Where there is ruin, there is hope for a treasure.

Where there is ruin, there is hope for a treasure.



Maybe Harry Potter is real and you're not.

Maybe Harry Potter is real and you're not.



the value of a thing is not the thing but what is behind the thing

the value of a thing is not the thing but what is behind the thing



Always be yourself, express yourself, have faith in yourself, do not go out and look for a successfull personality and duplicate it.

Always be yourself, express yourself, have faith in yourself, do not go out and look for a successfull personality and duplicate it.



Balenciaga often said that women did not have to be perfect or beautiful to wear his clothes. When they wore his clothes, they became beautiful.

Balenciaga often said that women did not have to be perfect or beautiful to wear his clothes. When they wore his clothes, they became beautiful.



In taking revenge, a man is but even with his enemy; but in passing it over, he is superior.

In taking revenge, a man is but even with his enemy; but in passing it over, he is superior.



The security challenge is related to the progress and advance we make in the political process.

The security challenge is related to the progress and advance we make in the political process.



But hurting ourselves to inflict pain on others is just another cry to be loved.

But hurting ourselves to inflict pain on others is just another cry to be loved.



If you try to assert wisdom before people have themselves walked it, be prepared for much resistance, denial, push-back, and verbal debate.

If you try to assert wisdom before people have themselves walked it, be prepared for much resistance, denial, push-back, and verbal debate.



The brown monkey's instinct to kill is correct; such men are dangerous to all monkey customs.

The brown monkey's instinct to kill is correct; such men are dangerous to all monkey customs.




Quote Description


This page presents the quote "The person that is buying a share of stock is convinced he knows something that the other person who's selling it to him does not know. There's no zero sum game in Wall Street.". Author of this quote is Bernard Madoff. This quote is about zero sum game, games, selling, buying, share, knows, convinced, wall, zero,.