Quiz Famous Wall Street Investing Quotes: Who Said It? By Dan Burrows, Contributing Writer | Kiplinger.com August 7, 2017 Getty Images Cocktail-party stock tips are a dime a dozen, but some investment advice is worth taking to heart. We've collected famous words of wisdom from some of the best financial minds on and off Wall Street. Take a look to see if you can match these investing gems to the people who doled them out over the years. Good luck! Start Quiz Quiz | Famous Wall Street Investing Quotes: Who Said It? Question 1 of 10 "Be fearful when others are greedy, and greedy when others are fearful." Warren Buffett Donald Trump Scrooge McDuck Quiz | Famous Wall Street Investing Quotes: Who Said It? Question 1 of 10 "Be fearful when others are greedy, and greedy when others are fearful." Warren Buffett Buffett, the famed value investor, has proven over and over that the best time to hunt for bargains is when markets are in turmoil and most people are afraid to invest. During the Great Recession, as stock prices collapsed, Buffett made a killing by negotiating sweetheart deals to bail out distresse... Read more ˅ Buffett, the famed value investor, has proven over and over that the best time to hunt for bargains is when markets are in turmoil and most people are afraid to invest. During the Great Recession, as stock prices collapsed, Buffett made a killing by negotiating sweetheart deals to bail out distressed public companies including Goldman Sachs and Bank of America. Less ˄ Donald TrumpScrooge McDuck Next Question Quiz | Famous Wall Street Investing Quotes: Who Said It? Question 2 of 10 "Don’t look for the needle in the haystack. Just buy the haystack!" John Pierpont Morgan Billy Ray Valentine John "Jack" Bogle Quiz | Famous Wall Street Investing Quotes: Who Said It? Question 2 of 10 "Don’t look for the needle in the haystack. Just buy the haystack!" John Pierpont MorganBilly Ray ValentineJohn "Jack" Bogle Bogle has always preached the benefits of making passive investments in many stocks over trying to pick individual winners. Vanguard, the mutual-fund company he founded in 1975, was a pioneer in low-cost index investing. Next Question Quiz | Famous Wall Street Investing Quotes: Who Said It? Question 3 of 10 "If investing is entertaining, if you're having fun, you're probably not making any money. Good investing is boring." Oliver "Daddy" Warbucks Michael Jordan George Soros Quiz | Famous Wall Street Investing Quotes: Who Said It? Question 3 of 10 "If investing is entertaining, if you're having fun, you're probably not making any money. Good investing is boring." Oliver "Daddy" WarbucksMichael JordanGeorge Soros Soros's flagship Quantum Fund was one of the most successful hedge funds in history, thanks to the billionaire's willingness to invest aggressively. His notorious and lucrative bet against the British pound earned him the nickname "The Man Who Broke the Bank of England." But investing isn't fun and ... Read more ˅ Soros's flagship Quantum Fund was one of the most successful hedge funds in history, thanks to the billionaire's willingness to invest aggressively. His notorious and lucrative bet against the British pound earned him the nickname "The Man Who Broke the Bank of England." But investing isn't fun and games to Soros. Rather, it requires tedious research, discipline and patience to uncover and exploit market inefficiencies. Less ˄ Next Question Quiz | Famous Wall Street Investing Quotes: Who Said It? Question 4 of 10 "Go for a business that any idiot can run – because sooner or later any idiot probably is going to be running it." Peter Lynch Susan B. Anthony Richie Rich Quiz | Famous Wall Street Investing Quotes: Who Said It? Question 4 of 10 "Go for a business that any idiot can run – because sooner or later any idiot probably is going to be running it." Peter Lynch Under the guidance of Lynch, the Fidelity Magellan fund delivered an annual average return of 29% between 1977 and 1990. His preference for simple, easy-to-understand businesses – Lynch's mantra was "Invest in what you know" – helped fuel those gains. Susan B. AnthonyRichie Rich Next Question Quiz | Famous Wall Street Investing Quotes: Who Said It? Question 5 of 10 "But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions?" John D. Rockefeller Charles Foster Kane Alan Greenspan Quiz | Famous Wall Street Investing Quotes: Who Said It? Question 5 of 10 "But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions?" John D. RockefellerCharles Foster KaneAlan Greenspan Greenspan, the long-serving chairman of the Federal Reserve, first uttered the words "irrational exuberance" in a speech in 1996, commenting about the difficulty in identifying bubbles is asset prices. (He was actually referring to the years-long economic decline plaguing Japan at the time.) The U.S... Read more ˅ Greenspan, the long-serving chairman of the Federal Reserve, first uttered the words "irrational exuberance" in a speech in 1996, commenting about the difficulty in identifying bubbles is asset prices. (He was actually referring to the years-long economic decline plaguing Japan at the time.) The U.S. bubble in dot-com stocks would continue to inflate for another four years before bursting in spectacular fashion. Less ˄ Next Question Quiz | Famous Wall Street Investing Quotes: Who Said It? Question 6 of 10 "The individual investor should act consistently as an investor and not as a speculator." Benjamin Graham Jed Clampett Mark Cuban Quiz | Famous Wall Street Investing Quotes: Who Said It? Question 6 of 10 "The individual investor should act consistently as an investor and not as a speculator." Benjamin Graham Graham, the so-called father of value investing and author of the seminal book "The Intelligent Investor," advised focusing on fundamentals to unearth undervalued stocks that would reward investors over the long haul. A speculator, on the other hand, simply makes bets hoping for a quick payoff, as i... Read more ˅ Graham, the so-called father of value investing and author of the seminal book "The Intelligent Investor," advised focusing on fundamentals to unearth undervalued stocks that would reward investors over the long haul. A speculator, on the other hand, simply makes bets hoping for a quick payoff, as if in a casino. Warren Buffett was a Graham disciple. Less ˄ Jed ClampettMark Cuban Next Question Quiz | Famous Wall Street Investing Quotes: Who Said It? Question 7 of 10 "Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas." Michael Milken Thurston Howell III Paul Samuelson Quiz | Famous Wall Street Investing Quotes: Who Said It? Question 7 of 10 "Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas." Michael MilkenThurston Howell IIIPaul Samuelson Samuelson, the first American to win the Nobel Prize in economics, believed the best investments take time to unfold and realize the full potential of their returns. Among his many other professional accomplishments, he wrote the definitive textbook on economics and authored numerous academic papers... Read more ˅ Samuelson, the first American to win the Nobel Prize in economics, believed the best investments take time to unfold and realize the full potential of their returns. Among his many other professional accomplishments, he wrote the definitive textbook on economics and authored numerous academic papers on economics and investing. Less ˄ Next Question Quiz | Famous Wall Street Investing Quotes: Who Said It? Question 8 of 10 "The four most expensive words in the English language are 'this time it's different.'" Sir John Templeton Ivan Boesky Willy Wonka Quiz | Famous Wall Street Investing Quotes: Who Said It? Question 8 of 10 "The four most expensive words in the English language are 'this time it's different.'" Sir John Templeton Templeton was considered one of the great stock pickers of the 20th century. A $10,000 investment in his Templeton Growth Fund in 1954, when it opened, was worth $2 million in 1992, the year he sold his funds to the Franklin Group. His cautionary words were aimed at investors who ignored the core pr... Read more ˅ Templeton was considered one of the great stock pickers of the 20th century. A $10,000 investment in his Templeton Growth Fund in 1954, when it opened, was worth $2 million in 1992, the year he sold his funds to the Franklin Group. His cautionary words were aimed at investors who ignored the core principles of investing by rationalizing that they somehow no longer applied. Time usually proved them wrong. Less ˄ Ivan BoeskyWilly Wonka Next Question Quiz | Famous Wall Street Investing Quotes: Who Said It? Question 9 of 10 "Nobody ever lost money taking a profit." Anthony Stark Bernard Baruch Muriel Siebert Quiz | Famous Wall Street Investing Quotes: Who Said It? Question 9 of 10 "Nobody ever lost money taking a profit." Anthony StarkBernard Baruch Baruch made his money on Wall Street around the turn of the 20th century, but he didn't devote his life to simply making more money. Instead, he used his fortune to become a prominent statesman and philanthropist. A college in New York City now bears his name. Baruch's cautious and pragmatic approac... Read more ˅ Baruch made his money on Wall Street around the turn of the 20th century, but he didn't devote his life to simply making more money. Instead, he used his fortune to become a prominent statesman and philanthropist. A college in New York City now bears his name. Baruch's cautious and pragmatic approach still rings true for investors today. Less ˄ Muriel Siebert Next Question Quiz | Famous Wall Street Investing Quotes: Who Said It? Question 10 of 10 "Greed, for lack of a better word, is good." Cornelius "Commodore" Vanderbilt F. Scott Fitzgerald Gordon Gekko Quiz | Famous Wall Street Investing Quotes: Who Said It? Question 10 of 10 "Greed, for lack of a better word, is good." Cornelius "Commodore" VanderbiltF. Scott FitzgeraldGordon Gekko The antithesis of Bernard Baruch's sober investing advice could be heard in Michael Douglas's big-screen portrayal in "Wall Street" of Gekko, a fictional financial Master of the Universe. The film captured the zeitgeist of American capitalism in the 1980s. See Results Quiz | Famous Wall Street Investing Quotes: Who Said It? Results Next QuizCan You Answer Jeopardy!’s Trickiest Investing Questions? See All Quizzes answer_num=1,3,3,1,3,1,3,1,2,3|answer_text="Warren Buffett","John "Jack" Bogle","George Soros","Peter Lynch","Alan Greenspan","Benjamin Graham","Paul Samuelson","Sir John Templeton","Bernard Baruch","Gordon Gekko"|total_questions=10|url=/quiz/investing/T052-S001-famous-wall-street-investing-quotes-who-said-it/index.html|total_pages=22|page_id=17247|evaltext_num=0|kipad_id=StocksBondsQuizzes Advertisement Advertisement Sponsored Financial Content Show comments