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Stocks are bought on expectations, not facts.

( Gerald M. Loeb )

All intelligent investing is value investing.

( Charlie Munger )

To be uncertain is to be uncomfortable, but to be certain is to be ridiculous.

( Proverb )

The first rule of investment is: Don’t Lose. And the second rule of investment is: Don’t forget the first rule.

( Warren Buffett )

Optimism means expecting the best, but confidence means knowing how to handle the worst.

( Max Gunther )

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 )

Successful investing is anticipating the anticipations of others.

( John Maynard Keynes )