"It doesn't matter whether you are a lion or a gazelle; when the sun comes up you'd better be running."  Leon Cooperman

"It is difficult to find creative investment ideas.  Thinking is hard work.  I have hundreds of thoughts and I study hundreds of companies but good investment ideas are few and far between.  Maybe only 1 percent or so of the companies we study ends up being part of our portfolios" Ed Wachenheim

“The main reason why money is lost in stock speculations is not because Wall Street is dishonest, but because so many people persist in thinking that you can make money without working for it and that the stock exchange is the place where this miracle can be performed” Jessie Livermore

“Many unsuccessful investors regard the stock market as a way to make money without working rather than as a way to invest capital in order to earn a decent return” Seth Klarman

"In handling common stocks, as in most other fields of human activity, success depends on a combination of hard work, intelligence and honesty" Phil Fisher

“Recognise that this is a very competitive business, and that when you decide to buy or sell a stock, you are competing with people who have devoted a good portion of their lives to this same endeavour. In many instances, these professionals are on the opposite side of your trades, and on balance, they are going to beat you” Michael Steinhardt

"Number one, passion. I mentioned earlier I was passionate about the business. The problem with this business if you're not passionate, it is so invigorating to certain individuals, they're going to work 24/7, and you're competing against them. So every time you buy something, one of them is selling it. So, if you're with one of the lazy people that are just doing it for the money, you're going to get run over by those people" Stanley Druckenmiller

"I learned at a very early age how important it is to work hard and be honest." Warren Buffett

"The keys are discipline, hard work and practice.  It's like playing golf - you have to work on it" Charlie Munger

“It cannot be said too often that in speculation and investment, success comes only to those who work for it.  No one is going to hand you a lot of easy money” Jessie Livermore

“I would attribute my success to hard work, surrounding myself with good people and a fair amount of luck” Leon Cooperman

“Investing is fun, exciting and dangerous if you don’t do any work” Peter Lynch

“If you’re going to come to the poker table, you’re going to have to beat me. … We have 1500 people who work at Bridgewater. We spend hundreds of millions of dollars on research and so on, we’ve been doing this for 37 years.” Ray Dalio

“The way to win is to work, work, work, work and hope to have a few insights…. And you’re probably not going to be smart enough to find thousands in a lifetime. And when you get a few, you really load up. It’s just that simple.” Charlie Munger

 “Success in speculation requires as much specialised knowledge as success in law or medicine or any other profession. It never would occur to anyone to open a department store in competition with Macy’s or Gimbel’s or to make motor cars against Ford and General Motors without prior training or preparation. Yet the same man will cheerfully toss his savings into a market dominated by men who are as expert in their line as Macy’s and the auto makers are in theirs” Bernard Baruch

"Speculation is no simple business.  The amateur cannot take a few thousand dollars' capital, fifteen minutes a day of time, treat it as a side-line and be any more successful than he would in any other business" Philip Carrett

"Of course, the dismal results for individual investors are partly their own fault as well.  They are simply not equipped, either in terms of temperament, research resources or time commitment, to compete with the professionals.  Rational individuals wouldn't dream of competing against professional athletes for money or against professional card players.  Why would they in the financial markets?" Barton Biggs

"The investors work is so specialised and so intricate that there is no more reason why an individual should handle his own investments than that he should be his own lawyer, doctor, architect, or automobile mechanic.  He should perform these functions if he has a special interest in and skill at the particular field.  Otherwise he should go to the expert"  Phil Fisher

"Most individuals should not try to compete against talented professional investors any more than most weekend tennis players should try to play matches against world-ranked professional tennis players.  They will lose, usually badly"  Ed Wachenheim

"I think the two biggest mistakes traders make is that they don't do enough homework, and they are a bit too casual about risk" Michael Platt

"You better do your homework.  Markets know more than you" Jim Rogers

"Alpha is personal. It's an art form. It's superior insight; some people just "get it" better than others. Some of them are mechanistic quants; others are entirely intuitive. But all those I've met are extremely hard working"  Howard Marks

"The person who is better prepared, the person who has done the most work, has a huge edge because most people are lazy" Marc Lasry

"Hard work, honesty, if you keep at it, will get you almost anything." Charlie Munger

“At Baupost, we constantly ask: 'What should we work on today?' We keep calling and talking. We keep gathering information. You never have perfect information. So you work, work and work. Sometimes we thumb through ValuLine. How you fill your inbox is very important.” Seth Klarman

"Make no mistake, you have to work really, really hard in this business" Mark Unferth

"When beggars and shoeshine boys, barbers and beauticians can tell you how to get rich it is time to remind yourself that there is no more dangerous illusion than the belief that one can get something for nothing"  Bernard Baruch

"If you don't work very hard, it is extremely unlikely that you will be a good trader" Bruce Kovner

"If you aren't working hard at this terribly competitive business, you aren't going to do very well"  Ralph Wanger

"The only way to gain an edge is through long and hard work" Li Lu

"There’s no magic to it.  Investing is a lot of work, and a lot of research. And it’s a lot of judgement." Glenn Greenberg

"Achieving a good record takes much study and work, and it is a lot harder than most people think" Sir John Templeton

"I want to impress on you strongly that if you expect to make a success in the stock market you must put in plenty of time studying, because the more time you put in, the more knowledge you gain, the more profits you will take out later" William D Gann

"Did we ever mention that investing is hard work - painstaking, relentless, and at times confounding?" Seth Klarman

"When you start working there is no substitute for hard work.  Be that person who is trying to learn everything, because many things tend to repeat themselves over time" Marc Lasry

"The people who are coming into the casinos to have excitement and thrills are transferring their money to people who are following laborious, boring routines.  That's my metaphor for security analysis.  Most of it is just plain, hard detail work.  It's like doing low-order police work, if you will - making phone calls, checking sources, trying to figure out what's going on"  Ralph Wanger

"It's hard to do this job if you want to do it well as you have to be so vigilant and monitor and pay attention to so many things"  John Burbank

“The harder I worked the luckier I got.  I would say that hard work has never killed anybody.   I think to be successful in your chosen field of endeavour,  be prepared to give of your bind, your body, your soul to achieve that success.”   Leon Cooperman