I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy. You won't get there by reading 'Now is the time to buy.'
A wise man in China asked his gardener to plant a shrub. The gardener objected that it only flowered once in a hundred years. "In that case," said the wise man, "plant it immediately." [On the importance of fundamental research.]
In my day job, I worry non-stop about making wise investments for long-term gains.
I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy.
If I were to be super critical, I would say Formula One is too tactical and not strategic enough. And that brings us back to the digital issue: you may have to invest in order to gain - sacrifice some short-term effects in order to make high returns in the future.
I am treating you as my friend, asking you to share my present minuses in the hope that I can ask you to share my future plusses.
Investors covet past improvements but also always believe pricing unimaginable future creativity and efficiency gains is Pollyannaish. And they're always wrong. Bet on it.
Avarice often produces opposite results: there are an infinite number of persons who sacrifice their property to doubtful and distant expectations; others mistake great future advantages for small present interests.
