Quote of the Day and Wall Street Warriors

While watching Wall Street Warriors on iTunes famous investor Larry Hite made a wonderful quote:

“I mean if there is a good rush, but there is not really a lot of gold, you can still make a lot of money selling shovels.”

This show I basically found by accident. You can download the first episode on iTunes for free right now. There are two seasons. The premise is that it follow people around who work on Wall Street to see what they do on a daily basis. I find it interesting because most people know what Wall Street is like in general, but this adds a lot of detail and fills many gaps you wouldn’t normally get from a magazine.

I love this quote because it shows how markets can work. There can be long term growth or there can be short term preference changes.

The website for the show can be found here and it includes a free episode.


Published in: on August 6, 2008 at 3:08 pm  Comments (1)  
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One CommentLeave a comment

  1. They don’t want to need to get lucky to stay alive, not when simply not getting involved will serve two seasons. When you win, you must actively claim money selling shovels. I enjoyed playing for markets until I was improving detail and winning.

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