Everyday I assume every position I have is wrong.
( Paul Tudor Jones )
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 )
It’s ok to be wrong; it’s unforgivable to stay wrong.
( Martin Zweig )
The most important thing about an investment philosophy is that you have one.
( David Booth )
The first rule of investment is: Don’t Lose. And the second rule of investment is: Don’t forget the first rule.
( Warren Buffett )
Optimism means expecting the best, but confidence means knowing how to handle the worst.
( Max Gunther )
Once a boom is well started, it cannot be arrested. It can only be collapsed.
( John Kenneth Galbraith )