Those who know don't tell, and those who tell don't know.
( Michael Lewis )
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 )
To be uncertain is to be uncomfortable, but to be certain is to be ridiculous.
( Proverb )
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 )
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 )
Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria.
( Sir John Templeton )