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Price is what you pay. Value is what you get.

( Warren Buffett )

The trend is your friend until the end when it bends.

( Ed Seykota )

The most important quality for an investor is temperament, not intellect.

( Warren Buffett )

If you don't study any companies, you have the same success buying stocks as you do in a poker game if you bet without looking at your cards.

( Peter Lynch )

The stock market is a device to transfer money from the impatient to the patient.

( Warren Buffett )

No matter what kind of math you use, you wind up measuring volatility with your gut.

( Ed Seykota )

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 )