The Word On The Street
Is Heard By All, But Only A Few Listen

The time of maximum pessimism is the best time to buy and the time of maximum optimism is the best time to sell.

The four most dangerous words in investing are 'This time it's different'.

Bull markets are born in pessimism, grow on skepticism, mature on optimism and die on euphoria.

To buy when others are despondently selling and to sell when others are avidly buying requires the greatest of fortitude and pays the greatest ultimate rewards.

There is money to be made in those strange animals, options and futures. But, by and large, these are techniques for traders and speculators, not for investors.

The stock market is not a casino, but if you move in and out of stocks every time they move a point or two, or if you continually sell short… or deal only in options… or trade in futures… the market will be your casino. And, like most gamblers, you may lose eventually-or frequently.