The average man doesn't wish to be told that it is a bull or a bear market. What he desires is to be told specifically which particular stock to buy or sell. He wants to get something for nothing. He does not wish to work. He doesn't even wish to have to think.
Interpretation
People often prefer simple solutions over deep understanding or effort.
This quote reflects the tendency of many individuals to seek quick, easy answers in the complex world of investing rather than engaging in the thought and labor involved in understanding the market. It highlights a common desire for effortless gains and avoidance of responsibility, pushing against the notion that true success requires work and analysis.
In practice
In a financial seminar discussing the mindset of investors.
After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!
Don't take action with a trade until the market, itself, confirms your opinion. Being a little late in a trade is insurance that your opinion is correct. In other words, don't be an impatient trader.
At long as a stock is acting right, and the market is right, do not be in a hurry to take profits. One should never permit speculative ventures to run into investments.
He really meant to tell them that the big money was not in the individual fluctuations but in the main movements that is, not in reading the tape but in sizing up the entire market and its trend.
Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money.
It is what people actually did in the stock market that counted - not what they said they were going to do.
I am still learning. (at age 87)
The truth is, those who diligently seek to learn of Christ eventually will come to know Him. They will personally receive a divine portrait of the Master, although it most often comes in the form of a puzzle - one piece at a time.
Dost thou love life? Then do not squander time, for that's the stuff life is made of. _x000D_ _x000D_ Suspect each moment, for it is a thief, tiptoeing away with more than it brings.
People who have time on their hands will inevitably waste the time of people who have work to do.
Trust no future, however pleasant! Let the dead past bury its dead! Act -- act in the living Present! Heart within and God overhead.
I work every morning, all morning, sometimes in the afternoons. Then sometimes I hunt in the afternoons - quail, doves, grouse up north - but just to stay alive, because writers die from their lifestyle but also from their lack of movement.
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