“Know when to sell. Ideally, the time to sell is…almost never. But there’re 3 instances where we might need to sell: 1) our analysis is wrong 2) prospects of business have deteriorated 3) There’s a better opportunity” – Thomas Chua (Twiiter post)
“Time is the coin of your life. It is the only coin you have, and only you can determine how it will be spent. Be careful lest you let other people spend it for you.” – Carl Sandburg
“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
“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
“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
“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
“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
