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 )
Heart, guts, attitude and the ability to tolerate uncertainty are core to long-term winning.
( Michael Covel )
If you don't study any companies, you have the same success buying stocks as you do in a poker game if you bet without looking at your cards.
( Peter Lynch )
The most important thing about an investment philosophy is that you have one.
( David Booth )
I believe in analysis and not forecasting.
( Nicolas Darvas )
If all the economists were laid end to end, they'd never reach a conclusion.
( George Bernard Shaw )