"A rich person should leave his kids enough to do something, but not enough to do nothing."  - Warren Buffett

" . . . The Holy Grail . . . A good decision making process "  - Clay Marafiote

" Probability is Key, losses are inevitable, a trading plan is a must, and discipline to consistently follow a plan is no option "  - Robert Miner

"A traders mindset is key; you believe that no outcomes are certain, you trade probability as you embrace risk. With the proper mindset there is no emotion or fear, only money flowing into your account"  - Mark Douglas

"Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful."   - Warren Buffett

"Long ago, Sir Isaac Newton gave us three laws of motion, which were the work of genius. But Sir Isaac's talents didn't extend to investing: He lost a bundle in the South Sea Bubble, explaining later, 'I can calculate the movement of the stars, but not the madness of men.' If he had not been traumatized by this loss, Sir Isaac might well have gone on to discover the Fourth Law of Motion: For investors as a whole, returns decrease as motion increases."   - Warren Buffett

"If I was running $1 million today, or $10 million for that matter, I'd be fully invested. Anyone who says that size does not hurt investment performance is selling. The highest rates of return I've ever achieved were in the 1950s. I killed the Dow. You ought to see the numbers. But I was investing peanuts then. It's a huge structural advantage not to have a lot of money. I think I could make you 50% a year on $1 million. No, I know I could. I guarantee that."   - Warren Buffett

"I always knew I was going to be rich. I don’t think I ever doubted it for a minute."   - Warren Buffett

"The fact that people will be full of greed, fear or folly is predictable. The sequence is not predictable."                  - Warren Buffett

"I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful."  - Warren Buffett

"Success in investing doesn't correlate with I.Q. once you're above the level of 25. Once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing."  - Warren Buffett

"We will reject interesting opportunities rather than over-leverage our balance sheet."  - Warren Buffett

"We don't get paid for activity, just for being right. As to how long we'll wait, we'll wait indefinitely."                    - Warren Buffett

"The strategy we've adopted precludes our following standard diversification dogma. Many pundits would therefore say the strategy must be riskier than that employed by more conventional investors. We disagree. We believe that a policy of portfolio concentration may well decrease risk if it raises, as it should, both the intensity with which an investor thinks about a business and the comfort-level he must feel with its economic characteristics before buying into it."  - Warren Buffettfett

"Rule No.1: Never lose money. Rule No.2: Never forget rule No.1."   - Warren Buffett

"It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently."  - Warren Buffett

"Someone's sitting in the shade today because someone planted a tree a long time ago."  - Warren Buffett

"I am out of step with present conditions. When the game is no longer played your way, it is only human to say the new approach is all wrong, bound to lead to trouble, and so on. On one point, however, I am clear. I will not abandon a previous approach whose logic I understand ( although I find it difficult to apply ) even though it may mean foregoing large, and apparently easy, profits to embrace an approach which I don't fully understand, have not practiced successfully, and which possibly could lead to substantial permanent loss of capital."                      - Warren Buffett

"I just don't see anything available that gives any reasonable hope of delivering such a good year and I have no desire to grope around, hoping to 'get lucky' with other people's money. I am not attuned to this market environment, and I don't want to spoil a decent record by trying to play a game I don't understand just so I can go out a hero."  - Warren Buffett

"what separates the best traders from everyone else is not what they do or when they do it, but rather how they think about what they do and how they're thinking when they do it"      - Mark Douglas