I know where I’m getting out before I get in.
( Bruce Kovner )
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 )
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 individual investor should act consistently as an investor and not as a speculator.
( Ben Graham )
If you want a guarantee, buy a toaster.
( Clint Eastwood )
We don’t have to be smarter than the rest. We have to be more disciplined than the rest.
( Warren Buffett )
A bull market is like sex. It feels best just before it ends.
( Barton Biggs )