Go for a business that any idiot can run - because sooner or later, any idiot probably is going to run it.
( Peter Lynch )
Games are won by players who focus on the playing field –- not by those whose eyes are glued to the scoreboard.
( Warren Buffett )
Stocks are bought on expectations, not facts.
( Gerald M. Loeb )
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 )
Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.
( Warren Buffett )
The hard part is discipline, patience and judgement
( Seth Klarman )
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 )