Insanity is doing the same thing over and over while expecting different results.
( Jesse Livermore )
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 )
Heart, guts, attitude and the ability to tolerate uncertainty are core to long-term winning.
( Michael Covel )
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 )
Sometimes buying early on the way down looks like being wrong, but it isn’t.
( Randy Thurman )
It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
( Charlie Munger )