For every transaction, there is someone willing to buy and someone willing to sell at an agreed price, both believing that it's good value and that the counterparty is a little crazy.

Innate human tendencies were meant to help us survive the wilderness, not make investment decisions.

The term bellwether refers to the practice of placing a bell around the neck of a castrated ram (a wether) leading his flock of sheep. While out of sight, the sound of the bell is a directive on the whereabouts of the flock. When earning season begins, the bellwether stock is that of the largest (typically industrial) companies who report their earnings. Analysts look to these reports as an indication of how subsequent reports will come in under or over expectations.

We could sell in Pueblo. We just couldn't buy in Pueblo.

Insanity is to keep on trying to sell someone something they don't want to buy.

We had been hopelessly labouring to plough waste lands; to make nationality grow in a place full of the certainty of God… Among the tribes our creed could be only like the desert grass – a beautiful swift seeming of spring; which, after a day’s heat, fell dusty.