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 )
Buy things that are going up. Sell things that are going down. And when they stop, get out!
( Rob Smith )
There is a time to go long, a time to go short and a time to go fishing.
( Jesse Livermore )
The intelligent investor is a realist who sells to optimists and buys from pessimists.
( Benjamin Graham )
The policy of being too cautious is the greatest risk of all.
( Jawaharlal Nehru )
In investing, what is comfortable is rarely profitable.
( Robert Arnott )
There is nothing riskier than the widespread perception that there is no risk.
( Howard Marks )