I Think There's A Tide That Tends

A Lot Of The Money In The Stock Market Is Really Our National Retirement Plan, For Better Or Worse.

That Strategy Of Buy And Hold, Which Is The Sound And Sensible One For The Individual, Can Have Very Dangerous And Perverse Effects For The Market As A Whole.

A Prudent Silence Will Frequently Be Taken For Wisdom And A Sentence Or Two Cautiously Thrown In Will Sometimes Gain The Palm Of Knowledge, While A Man Well Informed But Indiscreet And Unreserved Will Not Uncommonly Talk Himself Out Of All Consideration And Weight. (alexander Hamilton's 'thesis On Discretion' Written To His Son James Shortly Before His Fatal Duel With Burr.)

You Don't Want Too Much Fear In A Market, Because People Will Be Blinded To Some Very Good Buying Opportunities. You Don't Want Too Much Complacency Because People Will Be Blinded To Some Risk.

After 1929, So Many People Had Been Traumatized By The Stock Market Crash That There Was A Lost Generation.