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 )
Everything should be made as simple as possible, but not simpler.
( Albert Einstein )
Sometimes buying early on the way down looks like being wrong, but it isn’t.
( Randy Thurman )
No matter what kind of math you use, you wind up measuring volatility with your gut.
( Ed Seykota )
There is no such thing as no risk. There’s only this choice of what to risk, and when to risk it.
( Nick Murray )
Survival is the only road to riches.
( Peter L. Bernstein )