-- from one of the Great Ones, Warren Buffett.
*Stay calm.
and:
*Don't let fear control you.
(or over-optimism, for that matter.)
Buffett said this back in 1986, and it's still true.
"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."
More quotes on fear from the master here.
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