Wednesday, March 24, 2010

The Wisdom of Great Investors

Don’t Attempt to Time the Market:

“Far more money has been lost by investors preparing for corrections or trying to anticipate corrections than has been lost in the corrections themselves.” - Peter Lynch

Avoid self-destructive behaviour:

“Individuals who cannot master their emotions are ill-suited to profit from the investment process.” - Benjamin Graham

Crises are inevitable:

“History provides a crucial insight regarding market crises: They are inevitable, painful and ultimately surmountable.” - Shelby M.C. Davis

Disregard Short-term Forecasts and Predictions:

“The function of economic forecasting is to make astrology look respectable.” - John Kenneth Galbraith