Most investors want to do today what they should have done yesterday.
( Larry Summers )
Price is what you pay. Value is what you get.
( Warren Buffett )
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 )
In the short run, the market is a voting machine. In the long run, it is a weighing machine.
( Benjamin Graham )
An investment in knowledge always pays the best interest.
( Benjamin Franklin )
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 )
Liquidity is only there when you don’t need it.
( Old Proverb )