Nobody knows nothing.
( John “Jack” Bogle )
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 )
The aim is to make money, not to be right.
( Ludwig von Mises )
The intelligent investor is a realist who sells to optimists and buys from pessimists.
( Benjamin Graham )
I can calculate the motions of the heavenly bodies, but not the madness of people.
( Isaac Newton )
The first rule of investment is: Don’t Lose. And the second rule of investment is: Don’t forget the first rule.
( Warren Buffett )
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 )