Most investors want to do today what they should have done yesterday.
( Larry Summers )
Go for a business that any idiot can run - because sooner or later, any idiot probably is going to run it.
( Peter Lynch )
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 )
Heart, guts, attitude and the ability to tolerate uncertainty are core to long-term winning.
( Michael Covel )
The function of economic forecasting is to make astrology look respectable.
( John Kenneth Galbraith )
The four most dangerous words in investing are; ‘this time it’s different.
( Sir John Templeton )
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 )