Speculation is a hard and trying business, and a speculator must be on the job all the time, or he'll soon have no job to be on.
( Jesse Livermore )
The hard part is discipline, patience and judgement
( Seth Klarman )
If you want a guarantee, buy a toaster.
( Clint Eastwood )
It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
( Charlie Munger )
When a falling stock becomes a screaming buy because it cannot conceivably drop further, try to buy it thirty percent lower.
( Al Rizzo )
Cut short your losses, and let your profits run on.
( David Ricardo )
Investing is not supposed to be easy. Anyone who finds it easy is stupid.
( Charlie Munger )