If You Go To Minnesota In January,

Far More Money Has Been Lost By Investors Preparing For Corrections, Or Trying To Anticipate Corrections, Than Has Been Lost In Corrections Themselves.

When People Discover They Are No Good At Baseball Or Hockey, They Put Away Their Bats And Their Skates And They Take Up Amateur Golf Or Stamp Collecting Or Gardening. But When People Discover They Are No Good At Picking Stocks, They Are Likely To Continue To Do It Anyway.

You Get Recessions, You Have Stock Market Declines. If You Don't Understand That's Going To Happen, Then You're Not Ready, You Won't Do Well In The Markets.

Charts Are Great For Predicting The Past.

Logic Is The Subject That Has Helped Me Most In Picking Stocks, If Only Because It Taught Me To Identify The Peculiar Illogic Of Wall Street. Actually Wall Street Thinks Just As The Greeks Did. The Early Greeks Used To Sit Around For Days And Debate How Many Teeth A Horse Has. They Thought They Could Figure It Out Just By Sitting There, Instead Of Checking The Horse. A Lot Of Investors Sit Around And Debate Whether A Stock Is Going Up, As If The Financial Muse Will Give Them The Answer, Instead Of Checking The Company.