Markets are constantly in a state of uncertainty and flux, and money is made by discounting the obvious and betting on the unexpected.

It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong.

The financial markets generally are unpredictable. So that one has to have different scenarios... The idea that you can actually predict what's going to happen contradicts my way of looking at the market.

Once we realize that imperfect understanding is the human condition, there is no shame in being wrong, only in failing to correct our mistakes.

Those who fully develop their mind know their nature. Knowing their nature, they know Heaven.

-- Mencius

Knowing others is intelligence; knowing yourself is true wisdom. Mastering others is strength; mastering yourself is true power.

-- Laozi

It is in the knowledge of the true conditions of our life that we must draw our strength to live and our reasons to act.

-- Simone de Beauvoir

By failing to prepare, you are preparing to fail.

-- Benjamin Franklin

Conceive optimistically, plan pessimistically, execute optimistically.

-- Kazuo Inamori

Choosing individual stocks without any idea of what you're looking for is like running through a dynamite factory with a burning match.

-- Joel Greenblatt