"A gentleman's taste in dress is upon principle, the avoidance of all things extravagant. It consists in the quiet simplicity of exquisite neatness; but, as the neatness must be a neatness in fashion, employ the best tailor; pay him ready money, and, on the whole, you wi11 find him the cheapest."

Next Quote

While no one wishes to incur losses, you couldn't prove it from an examination of the behavior of most investors and speculators. The speculative urge that lies within most of us is strong; the prospect of a free lunch can be compelling, especially when others have already seemingly partaken. It can be hard to concentrate on potential losses while others are greedily reaching for gains and your broker is on the phone offering shares in the latest "hot" initial public offering. Yet the avoidance of loss is the surest way to ensure a profitable outcome.

— Seth Klarman