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 )
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 )
All intelligent investing is value investing.
( Charlie Munger )
The stock market is a device to transfer money from the impatient to the patient.
( Warren Buffett )
Wall Street sells stocks and bonds, but what it really peddles is hope.
( Jason Zweig )
Only when the tide goes out do you discover who’s been swimming naked.
( Warren Buffett )
Although few would admit it, the truth is that the typical trader wants to be right on every single trade. He is desperately trying to create certainty where it just doesn’t exist.
( Mark Douglas )