Most investors want to do today what they should have done yesterday.
( Larry Summers )
If you aren’t thinking about owning a stock for 10 years, don’t even think about owning it for 10 minutes.
( Warren Buffett )
Diversification is protection against ignorance. It makes little sense if you know what you are doing.
( 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 )
Only when the tide goes out do you discover who’s been swimming naked.
( Warren Buffett )
I can calculate the motions of the heavenly bodies, but not the madness of people.
( Isaac Newton )
No matter what kind of math you use, you wind up measuring volatility with your gut.
( Ed Seykota )