You will be right, over the course of many transactions, if your hypotheses are correct, your facts are correct, and your reasoning is correct. True conservatism is only possible through knowledge and reason.
Warren BuffettI don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
Warren BuffettI think the worst mistake you can make in stocks is to buy or sell based on current headlines.
Warren Buffett