My general rule of thumb is to ignore making decisions based on investing soundbites from legendary investors. There are a few reasons for this. First of all, there’s a good chance they have way more money than you, so the circumstances are completely different. Then there’s the fact that you have no idea what their time horizon, risk tolerance or overall strategy are in regards to their quip about the markets. And finally, most really great investors are also really great marketers. — Ben Carlson Acknowledge the complexity of the world and resist the impression that you can 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 whom 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. — Jim Rogers For the most part, members of our species simply repeat what...
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