In the business world, the rearview mirror is always clearer than the windshield.
( Warren Buffett )
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 )
Buy things that are going up. Sell things that are going down. And when they stop, get out!
( Rob Smith )
All intelligent investing is value investing.
( Charlie Munger )
Everything should be made as simple as possible, but not simpler.
( Albert Einstein )
No matter what kind of math you use, you wind up measuring volatility with your gut.
( Ed Seykota )
Large price changes tend to be followed by more large changes, positive or negative. Small changes tend to be followed by more small changes. Volatility clusters.
( Benoit B. Mandlebrot )