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…We have no idea – and never have had – whether the market is going to go up, down, or sideways in the near- or intermediate term future.
What we do know, however, is that occasional outbreaks of those two super-contagious diseases, fear and greed, will forever occur in the investment community.  The timing of these epidemics will be unpredictable.  And the market aberrations produced by them will be equally unpredictable, both as to duration and degree.  Therefore, we never try to anticipate the arrival or departure of either disease.  Our goal is more modest: we simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
    —    Warren Buffett
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On This Day In:
2020 BLM
2019 Courage And Patience
2018 Push The Envelope
2017 Ents
2016 Are You Sure?
2015 Distracted
2014 What It Takes
2013 We Are
2012 Utopian
2011 Seen Any Black Swans Lately?

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