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 )
Everything should be made as simple as possible, but not simpler.
( Albert Einstein )
There is a time to go long, a time to go short and a time to go fishing.
( Jesse Livermore )
The goal of a successful trader is to make the best trades. Money is secondary.
( Alexander Elder )
No matter what kind of math you use, you wind up measuring volatility with your gut.
( 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 )
I love quotes… but in the end, knowledge has to be converted to action or it’s worthless.
( Tony Robbins )