"When it comes to science and technology, man learns, but when it comes to love, war and finance, he makes the same mistake over and over again."

- Bill Bonner





- Larry Lujack "When buying a used car, punch the buttons on the radio. If all the stations are rock and roll, there's a good chance the transmission is shot."



- Vladimir Lenin "There are decades where nothing happens; and there are weeks where decades happen."



- Dick Russell "Bull markets bail you out of your mistakes. Bear markets make you pay for them."

"We should be careful to get out of an experience only the wisdom that is in it and stop there lest we be like the cat that sits down on a hot stove lid. She will never sit down on a hot stove lid again and but she will never sit down on a cold one either."



- Mark Twain





- Charlie Munger "It's waiting that helps you as an investor, and a lot of people just can't stand to wait."



- Jim Rogers "One of the best rules anybody can learn about investing is to do nothing, absolutely nothing, unless there is something to do. I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I wait for a situation that is like the proverbial shooting fish in a barrel."



- James Grant "Capitalism without financial failure is not capitalism at all, but a kind of socialism for the rich."



- Andre Gide "Everything that needs to be said has already been said. But since no one was listening, everything must be said again."



- Louis CK "When people are getting richer and richer but they're not actually producing anything, it can't end well."



- Warren Buffett "Chains of habit are too light to be felt until they are too heavy to be broken."





- Yiddish Proverb "Interest on the debt grows without rain."



- Warren Buffett "Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy only when others are fearful."

"Men who can both be right and sit tight are uncommon."



- Jesse Livermore



"Most investors think quality, as opposed to price, is the determinant of whether something's risky. But high quality assets can be risky, and low quality assets can be safe. It's just a matter of the price paid for them."



- Howard Marks



"None are more hopelessly enslaved than those that falsely believe they are free."



-Goethe





-Sir John Templeton Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.



-Jean Monnet "People only accept change in necessity and see necessity only in crisis."

"Do you want to sell sugared water for the rest of your life? Or do you want to come with me and change the world?"



-Steve Jobs



"The market can stay irrational longer than the investor can stay solvent."



- Keynes



"The test of a first-rate intelligence is the ability to hold two opposing ideas in mind at the same time and still retain the ability to function."



- F. Scott Fitzgerald



"All our life, so far as it has definite form, is but a mass of habits - practical, emotional, and intellectual - systemically organized for our weal or woe, and bearing us irresistibly toward our destiny, whatever the latter may be."

-William James - practical, emotional, and intellectual - systemically organized for our weal or woe, and bearing us irresistibly toward our destiny, whatever the latter may be."

The greatest enemy of knowledge is not ignorance, it is the illusion of knowledge.



- Stephen Hawkings



Illusions commend themselves to us because they save us pain and allow us to enjoy pleasure instead. We must therefore accept it without complaint when they sometimes collide with a bit of reality against which they are dashed to pieces.



- Sigmund Freud





-Henry Ford If you think you can or think you cannot, you are correct.



-Herbert Stein If something cannot go on forever, it will stop.