The market is a pendulum that forever swings between unsustainable
optimism (which makes stocks too expensive) and unjustified
pessimism (which makes them too cheap). The intelligent investor
is a realist who sells to optimists and buys from pessimists.
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2
说起来好听
做起来难
只买不卖还容易些
【在 T********e 的大作中提到】 : The market is a pendulum that forever swings between unsustainable : optimism (which makes stocks too expensive) and unjustified : pessimism (which makes them too cheap). The intelligent investor : is a realist who sells to optimists and buys from pessimists.