---

Insanity is doing the same thing over and over while expecting different results.

( Jesse Livermore )

Earn as much as you can, save as much as you can, invest as much as you can, give as much as you can.

( John Wesley )

It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.

( Charlie Munger )

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 )

If you have trouble imagining a 20% loss in the stock market, you shouldn’t be in stocks.

( John “Jack” Bogle )

Investing is not supposed to be easy. Anyone who finds it easy is stupid.

( Charlie Munger )

Investing is the intersection of economics and psychology.

( Seth Klarman )