The alluring, long-shot chance of a huge gain is the grease that lubricates the machine of innovation. - Jason Zweig
The market is a pendulum that forever swings between unsustainable optimism (which makes stocks too expensive) and unjustified pessimism (which makes them too cheap). The Intelligent Investor is a realist who sells to optimists and buys from pessimists. - Jason Zweig
What history does prove is that how risky stocks seem, and how risky they actually are, are inversely correlated. - Jason Zweig
Obviously you’re never going to just work out without conscious thought. But like a dog salivating at a bell, maybe you start to get antsy around the time of day you normally work out. - Jason Zweig
Every profession is a conspiracy against the laity, and every profession’s jargon is meant to confuse and exclude those who aren’t part of the guild. - Jason Zweig
A stock is not cheap or expensive merely because its price is below or above a particular number. It is cheap or expensive only in relation to the fundamental value of the underlying business, which has nothing to do with whether the share price is near an anchor. If you find yourself getting excited over any investment based purely on its price, you’re anchoring. - Jason Zweig