If there’s a golden rule for long-term investing, it’s that betting on disaster is always overpriced, and betting on “it’ll all work itself out” is always a bargain.
That is simply what we do. We panic.
Investing is primarily a behavioral exercise, not an analytical one.
The worst unfamiliar hard.
The most expensive tuition you will ever pay.
Lighten up because you think you might have too much exposure to stocks, not because you think you will be able to get back in at a better price later on.
The next time you hear a billionaire investor calling the next correction, remember that they most likely didn’t get rich by timing the market
You probably can’t get a Ferrari at the price of a Ford Fiesta, but some people can’t resist trying to find a bargain.
I own Amazon at $3.21 a share and I still own it.
The wedge is a safer bet, but French onion has a higher upside.
Procrastination is part of the process.
It has to be timeless and universal.
The object of investing is to ensure prosperity, not become obsessed with making money. So put your investing on autopilot with a sound plan that meets your goals and monitor it once a year. Then go out and live.