The most important quality for an investor is temperament, not intellect.
( 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 )
Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.
( Warren Buffett )
To be uncertain is to be uncomfortable, but to be certain is to be ridiculous.
( Proverb )
If you want a guarantee, buy a toaster.
( Clint Eastwood )
We don’t have to be smarter than the rest. We have to be more disciplined than the rest.
( Warren Buffett )
No matter what kind of math you use, you wind up measuring volatility with your gut.
( Ed Seykota )