“May you live in interesting times.” So goes what is sometimes referred to as an ancient Chinese curse. Chinese stock market investors, who saw their market rise and fall by 37% (each way) the last three weeks of June, surely get its meaning, as would anyone living in Greece these days. For those on our safer shores nonetheless feeling anxious about the waves of disturbing news from overseas, NN’s offers these quotes from folks who have weathered many storms:
- If you can keep your head when all about you are losing theirs….” Rudyard Kipling, from “If”
- “Market forecasters will fill your ear but will never fill your wallet.” Warren Buffet
- “The stock market is filled with individuals who know the price of everything, but the value of nothing.” Phillip Fisher
- ”The four most dangerous words in investing are: “this time it’s different.'” Sir John Templeton
- “In investing, what is comfortable is rarely profitable.” Robert Arnott
- “The key to making money in stocks is not to get scared out of them.” Peter Lynch
- “The economy depends about as much on economists as the weather does on weather forecasters.” Jean-Paul Kauffmann
Ned’s Notes Takeaway: Investing isn’t as hard as Wall Street tries to make it. Outwit the pros by heeding the timeless wisdom of Kipling or the folksy wisdom of Buffett.
