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user-inactivated  ·  3241 days ago  ·  link  ·    ·  parent  ·  post: The period of irrational pessimism

    I have three pieces of advice to all the Nervous Nellies out there: Turn off the TV, focus on the big picture, and review your asset mix so as to use this corrective phase and radical repricing of relative asset prices as an opportunity to rebalance the portfolio.

I just finished "Other People's Money" and understand the markets in a whole new light. I swear it feels like everyone has forgotten how the fundamentals of an economy work and the whole 'buy low, sell high' mantra is left for the freaks on the sidelines.