Games are won by players who focus on the playing field –- not by those whose eyes are glued to the scoreboard.
( Warren Buffett )
Diversification is protection against ignorance. It makes little sense if you know what you are doing.
( Warren Buffett )
Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.
( Paul Samuelson )
Sometimes buying early on the way down looks like being wrong, but it isn’t.
( Randy Thurman )
The goal of a successful trader is to make the best trades. Money is secondary.
( Alexander Elder )
A bull market is like sex. It feels best just before it ends.
( Barton Biggs )
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 )