ny_quant

"More fiction has been written in Excel than in Word." - morganhousel

"Buybacks are divisive. They divide people who understand finance from those who don't." - Ken French

"Never, ever tell anyone about your problems, 90% of the people really don't care. The other 10% are glad you have them." - Charlie Munger

"All past declines look like an opportunity, all future declines look like a risk." - morganhousel

"I put two children through Harvard by trading options. Unfortunately, they are my broker's children." - jasonzweigwsj

"Speculation is a name given to a failed investment and... investment is the name given to a successful speculation." - Edward Chancellor

"The broker said the stock was poised to move. Silly me, I thought he meant up." - Randy Thurman

"The function of economic forecasting is to make astrology look respectable." - John Kenneth Galbraith

"In a rising market, enough of your bad ideas will pay off so that you’ll never learn that you should have fewer ideas." - Daniel Kahneman

"If you ever have the misfortune to have an investment that goes down for any amount of time... severity is bad, but duration is underrated when it comes to pain." - Clifford Asness