Price is what you pay. Value is what you get.
( Warren Buffett )
The aim is to make money, not to be right.
( Ludwig von Mises )
Invest for the long haul. Don’t get too greedy and don’t get too scared.
( Shelby M.C. Davis )
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 )
In the short run, the market is a voting machine. In the long run, it is a weighing machine.
( Benjamin Graham )
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 )
Every once in a while, the market does something so stupid it takes your breath away.
( Jim Cramer )