May

23

“You are a ‘Specialist in Panics,’ which means you buy in panics and at no other time. Whenever you are tempted to go in, ask yourself whether a panic exists. If the answer is Yes, then buy; if No, don’t buy.” – from the Magazine of Wall Street, circa 1908.

“Bull markets start in panics and end in booms.” [From the same source. -Ed.]


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