A fool may earn money, but it takes a wise man to keep it.
( Scotland )
At the root of all financial bubbles is a good idea carried to excess.
( Seth Klarman )
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 )
The most important thing about an investment philosophy is that you have one.
( David Booth )
I can calculate the motions of the heavenly bodies, but not the madness of people.
( Isaac Newton )
When a falling stock becomes a screaming buy because it cannot conceivably drop further, try to buy it thirty percent lower.
( Al Rizzo )