This could but have happened once,- And we missed it, lost it forever.
If everyone thinks one way, it is likely to be wrong. If you can figure out that it is wrong, you are likely to make a lot of money.
Acknowledge the complexity of the world and resist the impression that you easily understand it. People are too quick to accept conventional wisdom, because it sounds basically true and it tends to be reinforced by both their peers and opinion leaders, many of whome have never looked at whether the facts support the received wisdom. It's a basic fact of life that many things "everybody knows" turn out to be wrong.
Bottoms in the investment world don't end with four-year lows; they end with 10- or 15-year lows.
One of the best rules anybody can learn about investing is to do nothing, absolutely nothing, unless there is something to do. I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I wait for a situation that is like the proverbial shooting fish in a barrel.
Buy low and sell high. It's pretty simple. The problem is knowing what's low and what's high.
The biggest public fallacy is that the market is always right. The market is nearly always wrong. I can assure you of that.
Oh my goodness gracious, what you can buy off the Internet in terms of overhead photography. A trained ape can know an awful lot of what is going on in this world, just by punching on his mouse, for a relatively modest cost.
Remus Lupin was supposed to be on the H. I. V. metaphor. It was someone who had been infected young, who suffered stigma, who had a fear of infecting others, who was terrified he would pass on his condition to his son. And it was a way of examining prejudice, unwarranted prejudice towards a group of people. And also, examining why people might become embittered when they're treated that unfairly.
Remind oneself continually of one of those who practiced virtue in days gone by.
The Church is where it is today because it has decided that the advertising agents know better than the Holy Spirit of God.