If you aren’t thinking about owning a stock for 10 years, don’t even think about owning it for 10 minutes.
( Warren Buffett )
In a bear market all stocks go down and in a bull market they go up.
( Jesse Livermore )
The hard part is discipline, patience and judgement
( Seth Klarman )
Unless you can watch your stock holding decline by 50% without becoming panic stricken, you should not be in the stock market.
( Warren Buffett )
Optimism means expecting the best, but confidence means knowing how to handle the worst.
( Max Gunther )
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 )
If you have trouble imagining a 20% loss in the stock market, you shouldn’t be in stocks.
( John “Jack” Bogle )