The overused phrase that will always get you in trouble. "This time is different" Sir John Templeton. This is always the best quote to use when discussing failure from bubbles. Someone will say "this time is different" when it more likely it will be the same.
"It is a sign of strength not weakness to admit that you don't have all of the answers." John Loughrane.
First law of investing and corollary from Jane Bryant Quinn, "Never buy anything whose price you cannot follow in the newspapers. Don't buy anything too complex to explain to the average 12-year old."
"If everyone is thinking alike, then someone isn't thinking." General George Patton.
Admiral Arthur Radford, former JCS , "A decision is an action you must take when you have information so incomplete that the answer does not suggest itself."
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