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Diversification is protection against ignorance. It makes little sense if you know what you are doing.

( Warren Buffett )

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 )

It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.

( Charlie Munger )

Optimism means expecting the best, but confidence means knowing how to handle the worst.

( Max Gunther )

Liquidity is only there when you don’t need it.

( Old Proverb )

There is nothing riskier than the widespread perception that there is no risk.

( Howard Marks )

Stocks Don't Move. They Are Moved.

( Mr. Cooper )