The market is a pendulum that forever swings between unsustainable optimism (which makes stocks too expensive) and unjustified pessimism (which makes them too cheap). The intelligent investor is a realist who sells to optimists and buys from pessimists.
History is not just about kings and battles—it's about the people who lived through it.
社会主义不是一个可以由政府或政党建立的现成制度。它是工人阶级自身的产物。
People haven't always been there for me, but music always has.
In investing, what is comfortable is rarely profitable.