Everyday I assume every position I have is wrong.
( Paul Tudor Jones )
The trend is your friend until the end when it bends.
( Ed Seykota )
Diversification is protection against ignorance. It makes little sense if you know what you are doing.
( 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 )
Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.
( Warren Buffett )
The goal of a successful trader is to make the best trades. Money is secondary.
( Alexander Elder )
No matter what kind of math you use, you wind up measuring volatility with your gut.
( Ed Seykota )