Investing Fun Quotes

It is much more sound to take risks you can measure than to measure the risks you are taking.

Talking your book (blah blah)

Price is what you pay. Value is what you get. Warren Buffett

Volatility is not the enemy of the long-term investor. That investor's response to volatility is. – Josh Brown

It is a common fault of men not to reckon on storms in fair weather

All your economic models are premised on people being smart and rational, and yet all the people you know are idiots.

Buy the Rumour and Sell the News

The map and the territory

The human specie can only progress at the pace of the slowest learners

Rule is that six economists have seven opinions on every subject

Tell me the bad news in a good way

People Are Strange

Diversification vs “diworsification”

People know that the stock market is more likely to crash down than crash up. If you have a crash, this will change the likelihood of another crash (whether it makes it more or less likely is another question) but it will change it.

Risk means more things can happen than will happen. – Elroy Dimson

Traders don’t trade the markets, they trade their beliefs about the markets.

The Latest Market Craze: Stock Trading Robots Reacting To Stories Written By… Robots

Explained fragility as concavity: Mix a $2,000 bottle of wine with a $10 one. The 2 bottles will be worth less than $1,005 each.

"I am not saying here that there is no information in Big Data," essayist and statistician Nassim Taleb has written. "There is plenty of information. The problem—the central issue—is that the needle comes in an increasingly larger haystack."

Bernard Baruch who said, “the main purpose of the stock market is to make fools of as many men as possible.”

I'm told one of 1st pension systems was established so aged sailors didn't turn to piracy in retirement