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 )
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 )
To be uncertain is to be uncomfortable, but to be certain is to be ridiculous.
( Proverb )
We don’t have to be smarter than the rest. We have to be more disciplined than the rest.
( Warren Buffett )
No matter what kind of math you use, you wind up measuring volatility with your gut.
( Ed Seykota )
In investing, what is comfortable is rarely profitable.
( Robert Arnott )
he stock market is never obvious. It is designed to fool most of the people, most of the time.
( Jesse Livermore )