Let blockheads read what blockheads wrote.
In short, bad news is an investor’s best friend. It lets you buy a slice of America’s future at a marked-down price.
Let me be clear on one point : I can’t predict the short-term movements of the stock market. I haven’t the faintest idea as to whether stocks will be higher or lower a month or a year from now. What is likely, however, is that the market will move higher, perhaps substantially so, well before either sentiment or the economy turns up. So if you wait for the robins, spring will be over.
For the investor, a too-high purchase price for the stock of an excellent company can undo the effects of a subsequent decade of favorable business developments.
Mr. Market is your servant, not your guide.
Keep things simple and don’t swing for the fences. When promised quick profits, respond with a quick, no.
The years ahead will occasionally deliver major market declines – even panics – that will affect virtually all stocks. No one can tell you when these traumas will occur.
No one can tell you when these will happen. The light can at any time go from green to red without pausing at yellow.
I’d be a bum on the street with a tin cup if the markets were always efficient.
We continue to make more money when snoring than when active.