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 )
Investing money is the process of committing resources in a strategic way to accomplish a specific objective.
( Alan Gotthardt )
The aim is to make money, not to be right.
( Ludwig von Mises )
I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.
( Warren Buffett )
The function of economic forecasting is to make astrology look respectable.
( John Kenneth Galbraith )
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 )