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.

The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street.

The most important thing is being attentive to cycles.

-- Howard Marks

You can't predict. You can prepare.

-- Howard Marks

Concentration is the key. If you believe in something, you should bet big on it.

-- Bruce Berkowitz

The bulls might be right that the company's accounting is fine, but they're asking us to take it on faith. We prefer to verify.

-- David Einhorn

You have to understand the business before you understand the stock.

-- Mario Gabelli

To buy when others are despondently selling and to sell when others are avidly buying requires the greatest fortitude and pays the greatest ultimate rewards.

-- John Templeton