When I'm asked where libertarians fit on the left-right spectrum, I say we don't. We're above the line.
Increase your bets when you are confident and scale down your positions when you don't have conviction.
Start by assuming the market is always wrong, so if you copy everybody else on Wall Street, you're doomed to do poorly.
When a long-term trend loses it’s momentum, short-term volatility tends to rise. It is easy to see why that should be so: the trend-following crowd is disoriented.
There is always a divergence between our perception and what actually exists.
I'm only rich because I know when I'm wrong.
My sense of insecurity keeps me alert, always ready to correct my errors.
There is only one cure for the evils which newly acquired freedom produces, and that cure is freedom.
Sometimes I can't believe I'm going to be 60. I always say there's no point moaning about getting older, when there's nothing you can do about it. But still, I do find it quite funny. I look at that number, 60, and I think, really? Me?
It seemed to me that a lot of people started going to art school recently because they thought they could be famous and make a lot of money. They might be in for a bad turn.
MAN: Kick him-he'll forgive you. Flatter him-he may or may not see through you. But ignore him and he'll hate you