Buy cheap and sell dear.
As the Danish philosopher Søren Kierkegaard noted, life can only be understood backwards—but it must be lived forwards.
But investing isn’t about beating others at their game. It’s about controlling yourself at your own game.
An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return. Operations not meeting these requirements are speculative.
The intelligent investor is a realist who sells to optimists and buys from pessimists.
In the short run, the market is a voting machine but in the long run, it is a weighing machine.
Those who do not remember the past are condemned to repeat it.
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