“There seems to be an unwritten rule on Wall Street: If you don’t understand it, then put your life savings into it.” Lynch.
“If you’re not willing to react with equanimity to a market price decline of 50% two or three times a century, you’re not fit to be a common shareholder and you deserve the mediocre result you’re going to get.” Munger.
“When you want to test the depths of the stream, don’t use both feet.” Chinese proverb.
