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— Warren Buffett"First, many in Wall Street - a community in which quality control is not prized - will sell investors anything they will buy."
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The majority of unskilled investors stubbornly hold onto their losses when the losses are small and reasonable. They could get out cheaply, but being emotionally involved and human, they keep waiting and hoping until their loss gets much bigger and costs them dearly.
— William O'Neil
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Investors must remember that their first job is to preserve their capital. After they've dealt with that, they can approach the second job, seeking a return on that capital.
— Irving Kahn
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