The hard part is discipline, patience and judgement
( Seth Klarman )
Wall Street sells stocks and bonds, but what it really peddles is hope.
( Jason Zweig )
I can calculate the motions of the heavenly bodies, but not the madness of people.
( Isaac Newton )
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 )
Successful investing is anticipating the anticipations of others.
( John Maynard Keynes )
Risk cannot be eliminated; it just gets transferred and spread.
( Howard Marks )