Most investors want to do today what they should have done yesterday.
( Larry Summers )
Price is what you pay. Value is what you get.
( Warren Buffett )
Beware of trading quotes.
( Andreas Clenow )
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 )
In the short run, the market is a voting machine. In the long run, it is a weighing machine.
( Benjamin Graham )
The intelligent investor is a realist who sells to optimists and buys from pessimists.
( Benjamin Graham )
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 )