At the root of all financial bubbles is a good idea carried to excess.
( Seth Klarman )
The best way to make money is to not lose money… or just be 200% long.
( Adam Warner )
Although few would admit it, the truth is that the typical trader wants to be right on every single trade. He is desperately trying to create certainty where it just doesn’t exist.
( Mark Douglas )
Only when the tide goes out do you discover who’s been swimming naked.
( Warren Buffett )
The function of economic forecasting is to make astrology look respectable.
( John Kenneth Galbraith )
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 )
There is no such thing as no risk. There’s only this choice of what to risk, and when to risk it.
( Nick Murray )