In the business world, the rearview mirror is always clearer than the windshield.
( Warren Buffett )
I never hesitate to tell a man that I am bullish or bearish. But I do not tell people to buy or sell any particular stock.
( Jesse Livermore )
Although few would admit it, the truth is that the typical trader wants to be right on every single trade. He is desperately trying to create certainty where it just doesn’t exist.
( Mark Douglas )
If you want a guarantee, buy a toaster.
( Clint Eastwood )
It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
( Charlie Munger )
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 )
In investing, what is comfortable is rarely profitable.
( Robert Arnott )