"It's in the nature of stock markets to go way down from time to time. There's no system to avoid bad markets. You can't do it unless you try to time the market, which is a seriously dumb thing to do." Charlie Munger 2009
"To expect a lot is irrational. You're likely to be happier and gain felicity by aiming low." "Conservative investing with steady savings without expecting miracles is the way to go."
"If you wait until the economy is working properly to buy stocks, it's almost certainly too late. Just because there's more agony ahead for the economy doesn't mean you should wait to invest." "A natural consequence of capitalism is some companies succeed and some companies die."
