Go for a business that any idiot can run - because sooner or later, any idiot probably is going to run it.
( Peter Lynch )
The most important quality for an investor is temperament, not intellect.
( Warren Buffett )
The aim is to make money, not to be right.
( Ludwig von Mises )
I can calculate the motions of the heavenly bodies, but not the madness of people.
( Isaac Newton )
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 )
Every once in a while, the market does something so stupid it takes your breath away.
( Jim Cramer )
Cut short your losses, and let your profits run on.
( David Ricardo )