Beware of inside information… all inside information. – Jesse Livermore (Early 20th century stock trader & speculator, How to Trade in Stocks, 1877-1940)

It wasn’t raining when Noah built the ark. -Warren Buffet (CEO Berkshire Hathaway, investor & philanthropist, b. 1930)

Being uneducated is sometimes beneficial. Then you don’t know what can’t be done. – Michael Ott (Venture capitalist)

If you can buy more of your best idea, why put [the money] into your 10th-best idea or your 20th-best idea? The more positions you have, the more average you are. – Bruce Berkowitz (Fairholme Fund, Barron’s 3/17/08)

The political problem of mankind is to combine three things: economic efficiency, social justice and individual liberty. – John Maynard Keynes (British economist, 1883-1946)

Market risk tends to be poorly rewarded when market valuations are rich and interest rates are rising. – John P. Hussman, Ph.D. (Hussman Funds, 5/22/06)

You have to keep digging, keep asking questions, because otherwise you’ll be seduced or brainwashed into the idea that it’s somehow a great privilege, an honor, to report the lies they’ve been feeding you. – David Halberstam (American writer, war reporter, 1964 Pulitzer Prize, 1934-2007)

Follow the course opposite to custom and you will almost always do well. – Jean-Jacques Rousseau (Swiss philosopher, 1712-1778)

The best minds are not in government. If any were, business would hire them away. – Ronald Regan (40th U.S. president, 1911-2004)

Anytime there is change there is opportunity. So it is paramount that an organization get energized rather than paralyzed. – Jack Welch (GE, CEO, Fortune)