Go for a business that any idiot can run - because sooner or later, any idiot probably is going to run it.
( Peter Lynch )
In the business world, the rearview mirror is always clearer than the windshield.
( Warren Buffett )
I know where I’m getting out before I get in.
( Bruce Kovner )
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 )
The goal of a successful trader is to make the best trades. Money is secondary.
( Alexander Elder )
No matter what kind of math you use, you wind up measuring volatility with your gut.
( Ed Seykota )
Large price changes tend to be followed by more large changes, positive or negative. Small changes tend to be followed by more small changes. Volatility clusters.
( Benoit B. Mandlebrot )