“Fools trade everyday while professionals look for exhaustion or exuberance.” That’s mine, by the way.
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By Jason Zweig
In a speech to the Wisconsin State Agricultural Society in Milwaukee on Sept. 30, 1859, Abraham Lincoln told this anecdote:
“It is said an Eastern monarch once charged his wise men to invent him a sentence, to be ever in view, and which should be true and appropriate in all times and situations. They presented him the words: ‘And this, too, shall pass away.’ How much it expresses! How chastening in the hour of pride!—how consoling in the depths of affliction! ‘And this, too, shall pass away.’ And yet let us hope it is not quite true.”
I was recently reminded of Lincoln’s wonderful speech when someone asked me if I could summarize my investing beliefs in no more than 10 words. I laughed and said, “Of course not!”
But right afterward, I realized to my surprise that I could. I banged this out almost instantly:
Anything is possible, and the unexpected is inevitable. Proceed accordingly.
I asked some leading investors and financial thinkers for their own contributions. Here are a few:
Read the rest here.
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Trade what you see, not what you think. Be patient.
Time is your most valuable asset.
Buy low, sell high.
10 words, guys. Some of you are shy a few, or six, words.
I thought the limit was ten, not the target, like some damn haiku philosophy… lol.
How’s this?
There’s always a bull market somewhere. Merely seek it out.
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yeah, could be ten or less I guess.
lately it has been more of,”return OF capital,then return ON capital”. for now.