Home
IU

What does ‘picking up pennies in front of a steamroller’ mean?

Picking up pennies in front of a steamroller is a saying used in the world of trading and investing to describe a situation where an individual or organisation is focused on small, insignificant gains instead of considering the potential risks and drawbacks.

In this scenario, the steamroller represents the potential risks and dangers of the market, such as economic downturns, market volatility, and other unpredictable events. The pennies, on the other hand, represent the small gains and returns that an individual or organisation may be able to make through short-term, low-risk investments.

While it may be tempting to focus on picking up these pennies and trying to maximise short-term gains, this approach ignores the potential risks and dangers of the market. By only focusing on the small gains, an individual or organisation is putting themselves in a vulnerable position and ignoring the potential for larger losses.

In the world of trading and investing, it is important to consider the potential risks and rewards of any investment decision. While small gains may be appealing in the short term, it is important to consider the long-term implications and potential risks of any investment.

In summary, picking up pennies in front of a steamroller is a cautionary tale about the dangers of focusing on small, insignificant gains without considering the potential risks and drawbacks. In the world of trading and investing, it is important to carefully consider all potential risks and rewards before making any investment decisions.

“Given the nature of market, the chance of a crash is always greater than the chance of an overnight runaway euphoria.” – Jeff Yass

sc name=”fma-cta”]

BLOOMBERG GLOBAL NEWS

Bloomberg video news feed with live charts, watchlists & fundamentals
Audio/video feed with live charts, watchlists & fundamentals
CHARTS + FEED

RBA ECONOMIC UPDATES

Periodic updates on the Australian economy, direct from the RBA, with live charts, watchlists & fundamentals
Audio/video feed with live charts, watchlists & fundamentals
CHARTS + FEED

US FEDERAL RESERVE UPDATES

Bloomberg News focussed upon the Federal Reserve, with live charts, watchlists & fundamentals
Audio/video feed with live charts, watchlists & fundamentals
CHARTS + FEED

FX/GLOBAL BRIEFS

Brief global updates with a focus upon currencies, with live charts, watchlists & fundamentals
Audio/video feed with live charts, watchlists & fundamentals
CHARTS + FEED

ASX MARKET UPDATES

ASX-focussed updates, with live charts, watchlists & fundamentals
Audio/video feed with live charts, watchlists & fundamentals
CHARTS + FEED

BLOOMBERG BRIEFS

Global briefs from Bloomberg with live charts, watchlists & fundamentals
Audio/video feed with live charts, watchlists & fundamentals
CHARTS + FEED
Search pages & content: