The stock market is filled with individuals who know the price of everything, but the value of nothing.
( Philip Fisher )
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 )
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 best way to make money is to not lose money… or just be 200% long.
( Adam Warner )
There are old traders and there are bold traders, but there are very few old, bold traders.
( Ed Seykota )
It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
( Charlie Munger )
The first rule of investment is: Don’t Lose. And the second rule of investment is: Don’t forget the first rule.
( Warren Buffett )