Letting losses run is the most serious mistake made by most investors.
( William O'Neil )
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 )
All intelligent investing is value investing.
( Charlie Munger )
The individual investor should act consistently as an investor and not as a speculator.
( Ben Graham )
The function of economic forecasting is to make astrology look respectable.
( John Kenneth Galbraith )
It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
( Charlie Munger )
Cut short your losses, and let your profits run on.
( David Ricardo )