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At the root of all financial bubbles is a good idea carried to excess.

( Seth Klarman )

The most important quality for an investor is temperament, not intellect.

( Warren Buffett )

Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.

( Warren Buffett )

Only when the tide goes out do you discover who’s been swimming naked.

( Warren Buffett )

We don’t have to be smarter than the rest. We have to be more disciplined than the rest.

( 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 )

The four most dangerous words in investing are; ‘this time it’s different.

( Sir John Templeton )