You can't wait for an opportunity to become obvious.

The fact is that it is very difficult to maintain a 'neutral' position in a fluctuating currency market. Market participants have an existential choice to make and if they have no clear views they are bound to make the wrong choice.

No problem can be solved until it is reduced to some simple form. The changing of a vague difficulty into a specific, concrete form is a very essential element in thinking.

Investors have been so oversold on diversification that fear of having too many eggs in one basket has caused them to put far too little into companies they thoroughly know and far too much in others which they know nothing about.

This matter of training oneself not to go with the crowd but to be able to zig when the crowd zags, in my opinion, is one of the most important fundamentals of investment success.

If investing is entertaining, if you're having fun, you're probably not making any money. Good investing is boring.