“Throughout all my years of investing, I’ve found that the big money was never made in the buying or selling, the big money was made in the waiting.” -Jessie Livermore
“To repeat, while such an index-driven strategy may not be the best investment strategy ever devised, the number of investment strategies that are worse is infinite.”-John Bogle
“Sometimes it is best to simply say “I don’t know exactly what is going to happen, but I think X strategy has a high probability of working. I’m going to put skin-in-the-game and allocate capital according to X strategy. If I see data points Y and Z change, then I will re-evaluate my perspective.” – Pomp
“The presence or absence of intrinsic productive capacity that lends itself to rational valuation seems to me the dividing line between investment and speculation” – Nick Murray
“A very important principle in investing is you don’t have to make it back the way you lost it. And in fact, it’s usually a mistake to try and make it back the way that you lost it.” – Warren Buffett
