Kevin

“Acknowledge the complexity of the world and resist the impression that you easily understand it. People are too quick to accept conventional wisdom, because it sounds basically true and it tends to be reinforced by both their peers and opinion leaders, many of whome have never looked at whether the facts support the received wisdom. It's a basic fact of life that many things "everybody knows" turn out to be wrong.”
― Jim Rogers

“Investing money is the process of committing resources in a strategic way to accomplish a specific objective.”
― Alan Gotthardt, The Eternity Portfolio

“Buffett's methodology was straightforward, and in that sense 'simple.' It was not simple in the sense of being easy to execute. Valuing companies such as Coca-Cola took a wisdom forged by years of experience; even then, there was a highly subjective element. A Berkshire stockholder once complained that there were no more franchises like Coca-Cola left. Munger tartly rebuked him. 'Why should it be easy to do something that, if done well two or three times, will make your family rich for life?”
― Roger Lowenstein, Buffett: The Making of an American Capitalist

“Understanding the value of a security and whether it's trading above or below that value is the difference between investing and speculating.”
― Coreen T. Sol, Practically Investing: Smart Investment Techniques Your Neighbour Doesn't Know