Nobody knows nothing.
( John “Jack” Bogle )
Unless you can watch your stock holding decline by 50% without becoming panic stricken, you should not be in the stock market.
( Warren Buffett )
The function of economic forecasting is to make astrology look respectable.
( John Kenneth Galbraith )
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 )
Optimism means expecting the best, but confidence means knowing how to handle the worst.
( Max Gunther )
Liquidity is only there when you don’t need it.
( Old Proverb )
If you have trouble imagining a 20% loss in the stock market, you shouldn’t be in stocks.
( John “Jack” Bogle )