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Wednesday, April 22, 2009

Have your eyes open

"It is all about cycles. Markets, assets, and life all seem to experience some sort of order that keeps occurring with some pattern. While it is difficult and maybe even impossible to forecast when the cycle will change, it is certainly possible to identify the cycle we are in currently."
"Whether you personally are in a growth period or a rebuilding stage, if it appears that all is lost never fear; the next expansion is around the corner. Maybe you cannot see it, and perhaps it feels like things will never get better, but rest assured your emergency rate cut may be just around the corner."
"The more educated and empowered you are, the better decisions you will make -- not by listening to the talking heads on television or reading the latest blog posting. You will do your own homework and your own research, paying attention to the economic indicators that tell you what's happening. This is not difficult, and it will put you in the driver's seat as you make investment decisions based on better rationale than buy-hold-and-forget it or panicking and following the crowd."
"You will have your eyes open and your mind clear to spot the next bull as it arises from inside the bear."
(Robert Stein in 'The Bull Inside The Bear: Finding new investment opportunities in today's fast-changing financial markets,' p. 195 Wiley)

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