There are a million ways to make money in the markets. The irony is that they are all very difficult to find.

The ability to change one's mind is probably a key characteristic of the successful investor. Dogmatic and rigid personalities rarely, if ever, succeed in the markets. The markets are a dynamic process, and sustained investment success requires the ability to modify and even change strategies as markets evolve.

Good traders liquidate when they are wrong, great traders reverse when they are wrong

There are a million ways to make money in the markets. The irony is that they are all very difficult to find.

If you don’t stay with your winners, you are not going to be able to pay for the losers.

Being wrong is acceptable, but staying wrong is totally unacceptable.

Michael Jordan didn’t become a great basketball player because he wanted to do product endorsements. Van Gogh didn’t become a great painter because he dreamed that one day his paintings would sell for $50 million.