The stock market is filled with individuals who know the price of everything, but the value of nothing.
( Philip Fisher )
Diversification is protection against ignorance. It makes little sense if you know what you are doing.
( Warren Buffett )
Investors should remember that excitement and expenses are their enemies.
( Warren Buffett )
A bull market is like sex. It feels best just before it ends.
( Barton Biggs )
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 )
More people lost money waiting for corrections and anticipating corrections than the actual corrections.
( Peter Lynch )
At the root of all financial bubbles is a good idea carried to excess.
( Seth Klarman )