Sorry, but ...?
1. Saying "I'll be greedy when others are fearful" is much easier than actually doing it.
2. The gulf between a great company and a great investment can be extraordinary.
3. Markets go through at least one big pullback every year, and one massive one every decade. Get used to it. It's just what they do.
TAGGED: Investing, Morgan Housel
Source: http://www.realclearmarkets.com/2012/11/18/50_unfortunate_truths_about_investing_134011.html
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