Speculation is a hard and trying business, and a speculator must be on the job all the time, or he'll soon have no job to be on.
( Jesse Livermore )
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 )
No matter what kind of math you use, you wind up measuring volatility with your gut.
( Ed Seykota )
Patterns of price movement are not random. However, they're close enough to random.
( Jim Simons )
The first rule of investment is: Don’t Lose. And the second rule of investment is: Don’t forget the first rule.
( Warren Buffett )
In investing, what is comfortable is rarely profitable.
( Robert Arnott )