Stocks are bought on expectations, not facts.
( Gerald M. Loeb )
The most important thing about an investment philosophy is that you have one.
( David Booth )
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 )
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 )
In investing, what is comfortable is rarely profitable.
( Robert Arnott )
he stock market is never obvious. It is designed to fool most of the people, most of the time.
( Jesse Livermore )
I believe in analysis and not forecasting.
( Nicolas Darvas )