Quotes by Jason Zweig

“People are attracted to stocks that move. The thing that these kinds of speculators, and Im not going to call them investors, what these speculators are seeking is action.”

“The way I like to think of day trading is that its probably the most effective weapon ever to commit financial suicide, ... Its an absolutely lethal way for the typical person to invest because its not even really a form of investing, its gambling pure and simple.”

“If a company has stable earnings quarter after quarter, ... and each quarter its earnings go up another penny, and then all of a sudden, they dont go up anymore, investors go nuts.”

“Mutual funds really stunk,”

“Theres no doubt that a lot of this wheeling and dealing has been spurred by the lifting of many of the federal restrictions that were imposed on the utility industry during the Great Depression.”

“Somehow people look at the performance of the average mutual fund manager and say, Its underperforming the superstar of the market, which is the S&P index in the past few years, therefore I can do as well, ... Thats a fallacy. You may be able to do very well, but the fact that the average fund manager is doing worse than average does not mean hes stupid, and his stupidity doesnt make you smart.”

“We come with this built-in prediction addiction, ... Brain research [shows] that youre going to try to outsmart the market whether you can or not.”

The alluring, long-shot chance of a huge gain is the grease that lubricates the machine of innovation.