There is nothing new in Wall Street. There can't be because speculation is as old as the hills.

It was never my thinking that made the big money for me. It always was my sitting.

The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.

A man must believe in himself and his judgment if he expects to make a living at this game.

I know from experience that nobody can give me a tip or a series of tips that will make more money for me than my own judgment.

By failing to prepare, you are preparing to fail.

-- Benjamin Franklin

Conceive optimistically, plan pessimistically, execute optimistically.

-- Kazuo Inamori

The most important thing is being attentive to cycles.

-- Howard Marks

You can't predict. You can prepare.

-- Howard Marks

I try to invest in companies where the downside is limited and the upside is significant.

-- Bruce Berkowitz

I try to learn from every mistake. When we lose money, I want to understand exactly why we lost it.

-- David Einhorn