“Volatility in the up direction is not a problem-it's only downward volatility that offers discourse.”

“Innate human tendencies were meant to help us survive the wilderness, not make investment decisions.”

“Understanding the value of a security and whether it's trading above or below that value is the difference between investing and speculating.”

“For every transaction, there is someone willing to buy and someone willing to sell at an agreed price, both believing that it's good value and that the counterparty is a little crazy.”

“The cycle of optimism and euphoria leading to greed, fear and capitulation, giving way to hope and building back to optimism, drives the expansion and contraction of our financial world in a market...”

“Fear is an emotion, not a stock indicator.”

“In every marriage more than a week old, there are grounds for divorce. The trick is to find and continue to find grounds for marriage.”

“You don't know when you're twenty-three.You don't know what it really means to crawl into someone else's life and stay there. You can't see all the ways you're going to get tangled, how you're goin...”

“Even the jerks earn some of our affection. We can be glad they're gone and yet still mourn the good parts.”