Letting losses run is the most serious mistake made by most investors.
( William O'Neil )
The aim is to make money, not to be right.
( Ludwig von Mises )
The most important thing about an investment philosophy is that you have one.
( David Booth )
When a falling stock becomes a screaming buy because it cannot conceivably drop further, try to buy it thirty percent lower.
( Al Rizzo )
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 )
The four most dangerous words in investing are; ‘this time it’s different.
( Sir John Templeton )