Warren Buffett: Pin lies in wait for every bubble

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“A pin lies in wait for every bubble. And when the two eventually meet, a new wave of investors learns some very old lessons: First, many in Wall Street – a community in which quality control is not prized – will sell investors anything they will buy. Second, speculation is most dangerous when it looks easiest.” Warren Buffett.

Benjamin Graham: Prejudices

Benjamin Graham

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“With every new wave of optimism or pessimism, we are ready to abandon history and time-tested principles, but we cling tenaciously and unquestioningly to our prejudices.” Benjamin Graham.

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