Letting losses run is the most serious mistake made by most investors.
( William O'Neil )
The aim is to make money, not to be right.
( Ludwig von Mises )
We don’t have to be smarter than the rest. We have to be more disciplined than the rest.
( Warren Buffett )
When a falling stock becomes a screaming buy because it cannot conceivably drop further, try to buy it thirty percent lower.
( Al Rizzo )
The first rule of investment is: Don’t Lose. And the second rule of investment is: Don’t forget the first rule.
( Warren Buffett )
Investing is not supposed to be easy. Anyone who finds it easy is stupid.
( Charlie Munger )
Survival is the only road to riches.
( Peter L. Bernstein )