November 14, 2014

8 Investing Lessons to Know Before Your Next Buy

"Those classes of investments considered ‘best’ change from period to period. The pathetic fallacy is what are thought to be the best are in truth only the most popular— the most active, the most talked of, the most boosted, and consequently, the highest in price at that time.” -Fred Schwed, Where are the Customer’s Yachts?

“History does not repeat itself but it does rhyme.” -Mark Twain

“The four most dangerous words in investing are ‘This time it’s different.’” -John Templeton

“There are no new eras—excesses are never permanent.” -Bob Farrell

“The average long-term experience in investing is never surprising, but the short term experience is always surprising.” -Charles Ellis

“We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.” -Warren Buffett

“Buy on the cannons, sell on the trumpets.” -Old French Proverb

“Buy when there’s blood in the streets.” -Baron Rothschild