There are two kinds of investors, be they large or small: those who don't know where the market is headed and those who don't know what they don't know. Then again, there is a third type of investor: the investment professional, who indeed knows he doesn't know, but whose livelihood depends upon appearing to know.
![There are two kinds of investors, be they large or small: those who don't know where the market is headed and those who don't know what they don't know. Then again, there is a third type of investor: the investment](http://cdn.myquotes.org/images/william-j-bernstein/there-are-two-kinds-of-investors-be-they-large-or-small--those-who-dont-know-where-the-market-is.jpg)