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Diversification is protection against ignorance. It makes little sense if you know what you are doing.

( Warren Buffett )

The most important quality for an investor is temperament, not intellect.

( Warren Buffett )

The stock market is a device to transfer money from the impatient to the patient.

( Warren Buffett )

Although few would admit it, the truth is that the typical trader wants to be right on every single trade. He is desperately trying to create certainty where it just doesn’t exist.

( Mark Douglas )

The goal of a successful trader is to make the best trades. Money is secondary.

( Alexander Elder )

Buy not on optimism, but arithmetic.

( Benjamin Graham )

Risk cannot be eliminated; it just gets transferred and spread.

( Howard Marks )