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 )
Unless you can watch your stock holding decline by 50% without becoming panic stricken, you should not be in the stock market.
( Warren Buffett )
Patterns don't work 100% of the time.
( Ifan Wei )
The aim is to make money, not to be right.
( Ludwig von Mises )
The most important thing about an investment philosophy is that you have one.
( David Booth )
Only when the tide goes out do you discover who’s been swimming naked.
( Warren Buffett )
No matter what kind of math you use, you wind up measuring volatility with your gut.
( Ed Seykota )