Quote of the Day: “Every Decade or So”

Market extremes seem to occur “every decade or so”. Hmm….

 “Buy low; sell high” is the time-honored dictum, but investors who are swept up in market cycles too often do just the opposite. The proper response lies in contrarian behavior: buy when they hate ’em, and sell when they love ’em. “Once-in-a-lifetime” market extremes seem to occur once every decade or so…

–Howard Marks 

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