“Nobody can predict the weather, death, market and women. Market is like a woman, always commanding, mysterious, uncertain and volatile. You can never really dominate a woman and likewise you cannot dominate the market.”
“I believe the prediction of EPS is mainly science and partly art. But prediction of P/E is an art, with very little science. It is a chemistry that can be mastered only by experience. Like cooking and sex, it can not be taught but it has to be learnt.”
Näin osarikauden myötä tällainen wanha jenkkiläinen toteamus:
Wanting to make money in the stock markets without accepting there will be losses is like waiting to breathe but only wishing to exhale…
(=halu ansaita rahaa osakemarkkinoilla hyväksymättä tappioita on kuin odottaisi hengittämistä, mutta haluaisi hengittää vain ulos)