Sublime

The first ten thousand I made in the bucket shops I lost because I traded in and out of season, every day, whether or not conditions were right. I wasn’t making that mistake twice. Also, don’t forget that I had gone broke a little while before because I had seen this break too soon and started selling before it was time. Now when I had a big profit

Your success as an investor will be determined by how you respond to punctuated moments of terror, not the years spent on cruise control. A good definition of an investing genius is the man or woman who can do the average thing when all those around them are going crazy. Tails drive everything.

With patience, luck, and sound judgment, meanwhile, you keep moving forward. That's the nature of the investment game: now and then a windfall, but mostly a four-yard gain and a cloud of dust. tilt investment style can give investors a lucrative edge over the long haul. But if you can't roll with the hits, or you're in too big a hurry, you might as

Remember rather that the man who writes for fools always finds a large public: and only read for a limited and definite time exclusively the works of great minds, those who surpass other men of all times and countries, and whom the voice of fame points to as such. These alone really educate and instruct.

“The market is rarely dead wrong. The history books are littered with people who are ‘smarter than the market’ who have lost all their money. When you’re in an investment and it’s not working out, you really need to take a step back: ‘What don’t I understand in this situation?’ If you really think you’ve resolved all the unknowns that you can possi

Warren Buffett brings up all the time that great Benjamin Graham quote that in the short run the stock market is a voting machine and in the long run it’s a weighing machine.

It isn’t the charts that give me my edge; it’s risk management. I get an edge from discipline,…

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