"I'm searching for the perfect swing. I'm searching for something that's not there. I tried twetny different things today and nobody else out there would have done that. This game is too tough. If I'd have known, I'd have taken up tennis or something. I have a chance. But if you're a betting guy don't bet on me."

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Ask yourself: Am I an investor, or am I a speculator? An investor is a person who owns business and holds it forever and enjoys the returns that U.S. businesses, and to some extent global businesses, have earned since the beginning of time. Speculation is betting on price. Speculation has no place in the portfolio or the kit of the typical investor.

— John C. Bogle