Far more money has been lost by investors preparing for corrections or trying to anticipate corrections than has been lost in corrections themselves.
Nobody can predict interest rates, the future direction of the economy or the stock market. Dismiss all such forecasts and concentrate on what is actually happening to the companies in which you’ve invested.
The key to making money in stocks is not to get scared out of them.
You get recessions, you have stock market declines. If you don’t understand that’s going to happen, then you’re not ready, you won’t do well in the markets.
When stocks are attractive, you buy them. Sure, they can go lower. I’ve bought stocks at $12 that went to $2, but then they later went to $30. You just don’t know when you can find the bottom.
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".
Go for a business that any idiot can run - because sooner or later, any idiot probably is going to run it.
Although it’s easy to forget sometimes, a share is not a lottery ticket … it’s part-ownership of a business.
