The most important quality for an investor is temperament, not intellect.
( Warren Buffett )
Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.
( Warren Buffett )
Heart, guts, attitude and the ability to tolerate uncertainty are core to long-term winning.
( Michael Covel )
They’ve done studies, you know. Sixty percent of the time, it works every time.
( Brian Fantana )
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 )
Risk cannot be eliminated; it just gets transferred and spread.
( Howard Marks )