Everyday I assume every position I have is wrong.
( Paul Tudor Jones )
Stocks are bought on expectations, not facts.
( Gerald M. Loeb )
The aim is to make money, not to be right.
( Ludwig von Mises )
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 )
The first rule of investment is: Don’t Lose. And the second rule of investment is: Don’t forget the first rule.
( Warren Buffett )
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 )
Survival is the only road to riches.
( Peter L. Bernstein )