Bush's America. I wish we had more time. I didn't even vote for him the second time, and I feel like I got to defend him.
Invest in businesses any idiot could run, because someday one will.
The stock market really isn't a gamble, as long as you pick good companies that you think will do well, and not just because of the stock price.
Never invest in a company without understanding its finances. The biggest losses in stocks come from companies with poor balance sheets.
When stocks are attractive, you buy them. Sure, they can go lower. I've bought stocks at $12 that went to $2, but then they later went to $30. You just don't know when you can find the bottom.
The list of qualities (an investor should have) include patience, self-reliance, common sense, a tolerance for pain, open-mindedness, detachment, persistence, humility, flexibility, a willingness to do independent research, an equal willingness to admit mistakes, and the ability to ignore general panic.
Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.
It has always struck me as the world's great fortune that the two great superpowers were the United States and the Soviet Union, who managed the Cold War with meticulous care in retrospect. Imagine the European diplomats of 1914 or 1938 armed with nuclear weapons. It is easy to believe they would not have been as cautious.
Every novel deals with social problems. It can't help it because the protagonist must come in conflict with his group. So the author has to offer an analysis of how the group and the protagonist fit. Otherwise, the reader will just say, "This makes no sense," and will put it away.
Your body is your instrument, you play it expertly.
If you over-plan, you close the door on possibilities.