One of the definitions of insanity is doing the same thing time and time again, and expecting a different result. By this definition many investors are insane.
Jim O'Shaughnessy (author of What Works on Wall Street and How to Retire Rich) at the Las Vegas Money Show (5/15/98)All investing, of course, is gambling on some level. But every generation of investors usually learns the hard way about the danger of getting so caught up in stock hype and euphoria about the future that basic rules about investing and markets are disregarded or forgotten.
Tom Petruno in "It Takes Some Hindsight to See a Mushroom Cloud on the Horizon" from The Los Angeles Times (5/17/98)
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