Andre Kostolany died in , but his memory lives on in the German-speaking world. He remains the stock market guru in Germany and his many insightful. 10 Mar Hi everyone, I am a big fan of Warren Buffet and all of his quotes, but my favorite quote is from André Kostolany. Born in , past away in. Complete your André Kostolany record collection. Discover André Kostolany’s full discography. Shop new and used Vinyl and CDs.
Pretty much everyone should have a sensible proportion of their money in equities, but for the average Joe, just in some kind of broad based ETFs, and no fancy speculation. Sad not much known in english speaking world. There is no get-rich-quick scheme that works.
Those with firm hands buy when the price is low. In return, Kostolany spent most of his ande life writing columns and holding seminars about the stock market in Germany, where he became famous as a stock market expert.
Unfortunately after a very long and colourful life he passed away in September at the age of 93 you can read his obituary here. There is a lot of takeaway points on this guy, especially some of the things he say.
It is necessary to know what you can handle nerve-wise, to understand your own mental limitations, to be aware of your cognitive biases. Read about other greats in our Greatest Investors Tutorial. And you need to know what you could kkostolany lose on your investments and figure out it this is viable.
Pretty much everyone should have a sensible proportion of their money in equities, but for the average Joe, just in some kind of ancre, and no fancy speculation. And to whom do they sell?
Andy 8th March at 5: I guess he is not so well known in the English speaking world as most of his books and opinion pieces are only available in German or French. It is not all about being cool. By the way he lived in Mainz. It is really not for everyone, not the more speculative side, that is.
He has experienced a huge amount of volatility – successes and failures – and got wiped out on occasions early in his career, only to be bailed out by friends and associates. The shaky hands are essentially greenhorn investors who just do not have the guts or the financial resources to invest well.
Well, maybe for the creator of kostolzny scheme.
These people have both time and money, which also fosters strong nerves. Notify me of new posts by email.
André Kostolany, was a prominent stock market guru
Not andee the sake of being rich. Only those with the right psychological make up and sufficient funds can really gamble and take chances.
So even if the money is there, the right mindset may not be. This page was last edited on 16 Februaryat He was able to make a profit during the decline in market prices which began at the end ofhaving been bearish at the time. Conclusion Decades of astute observation led the old pro Andre Kostolany to divide active investors into two basic groups. In other words, self-insight is extremely important in the investment industry.
I have tried to find any of his numerous books in English. Independence means that if someone isn’t convenient kostopany me to meet I can tell them to take a hike. D I hope you enjoyed this piece, thanks for the interest and all the support. Only such people will operate with a steady hand, patience, tranquility and all those other things that make higher-risk investing successful.
Kkostolany this certainly includes a good technical and factual understanding of the stocks and markets themselves. By contrast, the steady hands have the right mindset and enough money to develop a sound approach and strategy, and keep to it.