Most investors want to do today what they should have done yesterday.
( Larry Summers )
Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.
( Warren Buffett )
Speculation is dealing with the uncertain conditions of the unknown future. Every human action is a speculation in that it is embedded in the flux of time.
( Ludwig von Mises )
If you don't study any companies, you have the same success buying stocks as you do in a poker game if you bet without looking at your cards.
( Peter Lynch )
The stock market is a device to transfer money from the impatient to the patient.
( Warren Buffett )
How many millionaires do you know who have become wealthy by investing in savings accounts?
( Robert G. Allen )
Risk cannot be eliminated; it just gets transferred and spread.
( Howard Marks )