Price is what you pay. Value is what you get.
( Warren Buffett )
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 )
I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.
( Warren Buffett )
Heart, guts, attitude and the ability to tolerate uncertainty are core to long-term winning.
( Michael Covel )
No matter what kind of math you use, you wind up measuring volatility with your gut.
( Ed Seykota )
In investing, what is comfortable is rarely profitable.
( Robert Arnott )
Investing is the intersection of economics and psychology.
( Seth Klarman )