How to cope with volatility

A high volatility 5-to-10-year return stream that might see several 30% drawdowns on the way to a superb 10 year record

And she says, “I can see you don’t understand arithmetic.” He says, “I can see you don’t understand sheep.”

Thus there is an element of compound interest operating in favor of a sound industrial investment.

You should wish your earnings to be reinvested if they can be expected to earn high returns.

With so many people waiting for others to make the first move, it’s amazing that anything gets bought.

A risky investment may be volatile, but not every volatile investment is risky.

Sensible professionals wondered if they should take up hunting and fishing

While the Fed had no explicit mandate to focus on the stock market, the effects of the run-up in prices seemed to me a legitimate concern

Diversification is inadequate as a risk management technique and too primitive for the new environment of volatility and uncertainty.

Nuggets of Investing Wisdom