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

( Warren Buffett )

If you don’t know who you are, this is an expensive place to find out.

( Adam Smith )

The investor’s chief problem — and even his worst enemy — is likely to be himself.

( Benjamin Graham )

The four most dangerous words in investing are; ‘this time it’s different.

( Sir John Templeton )

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 )

Liquidity is only there when you don’t need it.

( Old Proverb )

Investing is not supposed to be easy. Anyone who finds it easy is stupid.

( Charlie Munger )