“The only thing to do when a person is wrong is to be right, by ceasing to be wrong.”— Jesse Livermore
“The essence of investment management is the management of risks, not the management of returns.”— Benjamin Graham
“A loss never bothers me after I take it. I forget it overnight. But being wrong - not taking the loss - that is what does the damage to the pocketbook and to the soul.”— Jesse Livermore
“We believe that the vast majority of people are not a threat, so let's focus our attention on those who may be.”— John S. Pistole
“The world is an uncertain place. That's why you have to have a strong balance sheet.”— Robert Rubin
“We want to focus our resources on the people who are most likely to be a threat to aviation.”— John S. Pistole