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— Seth Klarman"Sometimes buying early on the way down looks like being wrong, but it isn't."
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The problem in this case was you can't be a middle-aged virgin in America without something being wrong with you. People can't conceive of a virtue in someone else that they can't conceive in themselves. Instead of believing you're stronger, it's so much easier to imagine you're weaker.
— Chuck Palahniuk
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A loss never bothers me after I take it. I forget it overnight. But being wrong - not taking the loss - that is what does damage to the pocketbook and to the soul.
— Jesse Lauriston Livermore
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