Continuing the collection of a few of my favorite quotes, three from Warren Buffet that are appropriate to our current financial climate:
"According the name 'investors' to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a romantic."
"We think the very term 'value investing' is redundant. What is 'investing' if it is not the act of seeking value at least sufficient to justify the amount paid? Consciously paying more for a stock than its calculated value -- in the hope that it can soon be sold for a still-higher price -- should be labeled speculation."
And, the quote that every investor should carefully consider in these times:
"What we do know…is that occasional outbreaks of those two super-contagious diseases, fear and greed, will forever occur in the investment community. The timing of these epidemics will be unpredictable. … We simply attempt to be fearful when others are greedy and to be greedy when others are fearful."
and many more: http://en.wikiquote.org/wiki/Warren_Buffett
"The adversarial approach to truth isn't necessarily always the best one." Quoting another source: '"When two opposite points of view are advocated with equal vigor, the truth does not necessarily lie mid-way between them."
- Richard Dawkins