The stock market is filled with individuals who know the price of everything, but the value of nothing.
( Philip Fisher )
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 goal of a successful trader is to make the best trades. Money is secondary.
( Alexander Elder )
It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
( Charlie Munger )
Investing is the intersection of economics and psychology.
( Seth Klarman )
Survival is the only road to riches.
( Peter L. Bernstein )
If it’s obvious, it’s obviously wrong.
( Joe Granville )