"It has become appallingly obvious that our technology has exceeded our humanity." — Albert Einstein
Jim Rogers: "I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime."
Rogers advocates for patience and seizing clear opportunities when they arise.
Stanley Druckenmiller: "The best way to achieve long-term success is to have a short-term focus."
Druckenmiller highlights the paradox of short-term strategies contributing to long-term success in speculation.
Peter Lynch: "In this business, if you're good, you're right six times out of ten. You're never going to be right nine times out of ten."
Lynch acknowledges the difficulty of consistently making correct speculative bets.
Bernard Baruch: "Don't try to buy at the bottom and sell at the top. It can't be done except by liars."
Baruch advises against attempting to time the market perfectly.
John Maynard Keynes: "The market can stay irrational longer than you can stay solvent."
Keynes warns about the dangers of betting against market trends.