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 )
Patterns don't work 100% of the time.
( Ifan Wei )
Time is your friend; impulse is your enemy.
( John Bogle )
If you want a guarantee, buy a toaster.
( Clint Eastwood )
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 )
The policy of being too cautious is the greatest risk of all.
( Jawaharlal Nehru )