Speculation is a hard and trying business, and a speculator must be on the job all the time, or he'll soon have no job to be on.
( Jesse Livermore )
I know where I’m getting out before I get in.
( Bruce Kovner )
The hard part is discipline, patience and judgement
( Seth Klarman )
If you want a guarantee, buy a toaster.
( Clint Eastwood )
There are old traders and there are bold traders, but there are very few old, bold traders.
( Ed Seykota )
It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
( Charlie Munger )
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 )