"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful."
-- Warren Buffett
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"The market can stay irrational longer than you can stay solvent"
-- John Maynard Keynes
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"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
-- Peter Lynch
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Over time, markets will do extraordinary, even bizarre, things. A single, big mistake could wipe out a long string of successes. We therefore need someone genetically programmed to recognize and avoid serious risks, including those never before encountered
-- Warren Buffett (2006 Chairman's Letter)
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Certain perils that lurk in investment strategies cannot be spotted by use of the models commonly employed today by financial institutions. Temperament is also important. Independent thinking, emotional stability, and a keen understanding of both human and institutional behavior is vital to long-term investment success
-- Warren Buffett (2006 Chairman's Letter)
