Wide diversification is only required when investors do not understand what they are doing.
Warren Buffett
My interest is in the future, because I am going to spend the rest of my life there
Charles Kettering
Widespread fear is your friend as an investor, because it serves up bargain purchases. Personal fear is your enemy. It will also be unwarranted.
Warren Buffett
Americans say they want safety and income. What they really want is all the income they can get, and the illusion of safety. More money has been lost in the quest for the chimerical combination of safety and high yield than in all the stock market crashes in history.
Nick Murray
The stock market is the story of cycles and of the human behavior that is responsible for overreactions in both directions.
Seth Klarman