Justin

“As Graham puts it, “while enthusiasm may be necessary for great accomplishments elsewhere, on Wall Street it almost invariably leads to disaster.”
― Benjamin Graham, The Intelligent Investor

“The historical odds of making money in U.S. markets are 50/50 over one-day periods, 68% in one-year periods, 88% in 10-year periods, and (so far) 100% in 20-year periods.”
― Morgan Housel, The Psychology of Money

“For then, if another bull market comes along, he will take the big rise not as a danger signal of an inevitable fall, not as a chance to cash in on his handsome profits, but rather as a vindication of the inflation hypothesis and as a reason to keep on buying common stocks no matter how high the market level nor how low the dividend return. That way lies sorrow.”
― Benjamin Graham, The Intelligent Investor

“Nowhere in any great library of the world did it say one had to let a mighty injustice occur before getting out of your chair. Better to parry the sword than heal the wound it made in the flesh.”
― F.C. Yee, The Dawn of Yangchen