The Best Trading Proverbs

"When you see excessive volatility, be careful; when you do not see excessive volatility be doubly careful."
- Louis L'Amour ( as paraphrased by Victor Niederhoffer in his book "The Education Of A Speculator" page 234
 
“The market is having a bit of a reality check this morning...It is much too soon to begin speculating about a recovery."
--Ole Sloth Hansen, Saxo Bank
 
"The airline business from the time of Wilbur and Orville Wright through 1991 made zero money, net. If capitalists had been present at Kitty Hawk when the Wright brothers' plane first took off, they should have shot it down."
- Warren Buffet, March 2001
 
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