Psychoanalysis is a science conducted by lunatics for lunatics. They are generally concerned with proving that people are irresponsible; and they certainly succeed in proving that some people are
When we deal in generalities, we shall never succeed. When we deal in specifics, we shall rarely have a failure. When performance is measured, performance improves. When performance is measured and reported, the rate of performance accelerates.
An investor will succeed by coupling good business judgment with an ability to insulate his thoughts and behavior from the super-contagious emotions that swirl about the marketplace.