Price is what you pay. Value is what you get.
( Warren Buffett )
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 )
Every once in a while, the market does something so stupid it takes your breath away.
( Jim Cramer )
Liquidity is only there when you don’t need it.
( Old Proverb )
I believe in analysis and not forecasting.
( Nicolas Darvas )
Investing is not supposed to be easy. Anyone who finds it easy is stupid.
( Charlie Munger )
There is no such thing as no risk. There’s only this choice of what to risk, and when to risk it.
( Nick Murray )