In The Summer Of 1990, I Was

Equity Mutual Funds Are The Perfect Solution For People Who Want To Own Stocks Without Doing Their Own Research.

You Should Not Buy A Stock Because It's Cheap But Because You Know A Lot About It.

Bargains Are The Holy Grail Of The True Stockpicker. The Fact That 10 To 30 Percent Of Our Net Worth Is Lost In A Market Sell-off Is Of Little Consequence. We See The Latest Correction Not As A Disaster But As An Opportunity To Acquire More Shares At Low Prices. This Is How Great Fortunes Are Made Over Time.

Thousands Of Experts Study Overbought Indicators, Oversold Indicators, Head-and-shoulder Patterns, Put-call Ratios, The Fed's Policy On Money Supply, Foreign Investment, The Movement Of The Constellations Through The Heavens, And The Moss On Oak Trees, And They Can't Predict Markets With Any Useful Consistency, Any More Than The Gizzard Squeezers Could Tell The Roman Emperors When The Huns Would Attack.

I've Found That When The Market's Going Down And You Buy Funds Wisely, At Some Point In The Future You Will Be Happy. You Won't Get There By Reading 'now Is The Time To Buy.'