"Investors are people who buy for fundamental values. Speculators are those who buy in the hope of selling later to someone else at high prices."
“A ‘flash crash’ or some other extreme market fluctuation can’t hurt an investor any more than an erratic and mouthy neighbour can hurt my farm investment. Indeed, tumbling markets can be helpful to the true investor if he has cash available when prices get far out of line with values. A climate of fear is your friend when investing; a euphoric world is your enemy.”
“Tokyo markets opened the week with great drama — and it’s best to think of it as chaos theory at work. A butterfly flapping its wings in Wall Street (with some help from Warren Buffett, the Federal Reserve, and innumerable retail investors) has created a Tokyo typhoon.”
“For long-term bonds, we are more interested in what the SARB says, than what they do.”