A bear market is a period of time during which people who think this time is different sell their common stocks—at prices which will never be seen again—to people who know that this time is never different.
The stock market is the story of cycles and of the human behavior that is responsible for overreactions in both directions.
Price is what you pay.Value is what you get.
Widespread fear is your friend as an investor, because it serves up bargain purchases. Personal fear is your enemy. It will also be unwarranted.
Diversification is a poor substitute for thinking.