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The best way to make money is to not lose money… or just be 200% long.

( Adam Warner )

There are old traders and there are bold traders, but there are very few old, bold traders.

( Ed Seykota )

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 )

Cut short your losses, and let your profits run on.

( David Ricardo )

Survival is the only road to riches.

( Peter L. Bernstein )

There is nothing riskier than the widespread perception that there is no risk.

( Howard Marks )

Markets can remain irrational longer than you can remain solvent.

( John Maynard Keynes )