Risk comes from not knowing what you're doing.
( Warren Buffett )
Everyday I assume every position I have is wrong.
( Paul Tudor Jones )
Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.
( Warren Buffett )
Diversification is protection against ignorance. It makes little sense if you know what you are doing.
( Warren Buffett )
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 )
The most important thing about an investment philosophy is that you have one.
( David Booth )
No matter what kind of math you use, you wind up measuring volatility with your gut.
( Ed Seykota )