Birth: July 2, 1942 Death: February 18, 2013
It's OK to be wrong; it's unforgivable to stay wrong..
Too many people are apt to redeem their profits too quickly. In a huge bull market they wind up with piddling profits, only to watch their former hol….
One of the frustrating things for people who miss the first rally in a bull market is that they wait for the big correction and it never comes. The m….
Patience is one of the most valuable attributes in investing..
Near the top of the market, investors are extraordinarily optimistic because they've seen mostly higher prices for a year or two. The sell-offs witne….
To me, the "tape" is the final arbiter of any investment decision. I have a cardinal rule: Never fight the tape!.
I measure what's going on, and I adapt to it. I try to get my ego out of the way. The market is smarter than I am so I bend..
The idea is to buy when the probability is greatest that the market is going to advance..