I piss and moan about market decline but I'm sitting on some cash now and really want to buy into semiconductor funds NOW.
(BB just does mutual funds cause he ain't smart enough to invest in individual stocks)
I vividly remember passing on early Microsoft and especially Google's IPO cause, "Pshaw, That's not going anywhere"
“The four most dangerous words in investing are: ‘This time it’s different.’”
− Sir John Templeton, interview with Forbes magazine, 1986
“Market timing is a loser’s game. Stay invested through downturns to capture eventual recoveries.”
− Jeremy J. Siegel, Stocks for the Long Run, 1994
“A blindfolded monkey throwing darts at a newspaper's financial pages could select a portfolio that would do just as well as one carefully selected by experts.”
− Burton G. Malkiel, A Random Walk Down Wall Street, 1973
“Be fearful when others are greedy and greedy when others are fearful.”
— Warren Buffett, Berkshire Hathaway shareholder letter, 1986
“If you’re not willing to react with equanimity to a market price decline of 50% two or three times a century, you’re not fit to be a common shareholder and you deserve the mediocre result you’re going to get.”
− Charlie Munger, Remarks at the University of Southern California (USC) School of Law, 2007.