"Spend each day trying to be a little wiser than you were when you woke up."
-- Charlie Munger
"I believe in the discipline of mastering the best that other people have ever figured out. I don't believe in just sitting down and trying to dream it all up yourself. Nobody's that smart."
-- Charlie Munger
"The four most dangerous words in investing are: 'this time it's different.'"
-- Sir John Templeton
"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong."
-- George Soros
"The individual investor should act consistently as an investor and not as a speculator. This means ... that he should be able to justify every purchase he makes and each price he pays by impersonal, objective reasoning that satisfies him that he is getting more than his money's worth for his purchase."
-- Benjamin Graham
"The investor's chief problem -- even his worst enemy -- is likely to be himself."
-- Benjamin Graham
"If you have trouble imagining a 20% loss in the stock market, you shouldn't be in stocks."
-- John Bogle
"Investors should always keep in mind that the most important metric is not the returns achieved but the returns weighed against the risks incurred. Ultimately, nothing should be more important to investors than the ability to sleep soundly at night."
-- Seth Klarman
"Sometimes buying early on the way down looks like being wrong, but it isn't."
-- Seth Klarman
"As time goes on, I get more and more convinced that the right method of investment is to put fairly large sums into enterprises which one thinks one knows something about and in the management of which one thoroughly believes."
-- J.M. Keynes
"If you're looking for a home run -- a great investment for five years or 10 years or more -- then the only way to beat this enormous fog that covers the future is to identify a long-term trend that will give a particular business some sort of edge."
-- Ralph Wanger
To Your Success!!!
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