“Torn as we all are between greed and fear, we tend to do just the wrong thing. When the economy is sinking fast and stocks faster, we get more and more scared. Finally, we quit in disgust. Better to get out with the big loss, we say to ourselves, than to watch our holdings disappear altogether. In fact, of course, this is just the time to be getting into the market, not out.”
– Andrew Tobias, The Only Investment Guide You’ll Ever Need
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