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 )
Buy things that are going up. Sell things that are going down. And when they stop, get out!
( Rob Smith )
Investors should remember that excitement and expenses are their enemies.
( Warren Buffett )
Wall Street sells stocks and bonds, but what it really peddles is hope.
( Jason Zweig )
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 )
Cut short your losses, and let your profits run on.
( David Ricardo )