Thoughts on bear markets

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The stock market is a device to transfer money from the impatient to the patient.
—Warren Buffett

Be fearful when others are greedy and greedy when others are fearful.
—Benjamin Graham

The way to make money is to buy when blood is running in the streets.
—John D Rockefeller

The function of economic forecasting is to make astrology look respectable.
—John Kenneth Galbraith

Don’t confuse brains with a bull market.
—Humphrey B Neill

Markets can remain irrational longer than you can remain solvent.
—John Maynard Keynes

It’s not how right or how wrong you are that matters but how much you make when right and how much you do not lose when wrong.
—George Soros

Business opportunities are like buses, there’s always another one coming.
—Richard Branson

There will always be bull markets followed by bear markets followed by bull markets.
—John Templeton

If you have trouble imaging a 20 percent loss in the stock market, you shouldn’t be in stocks.
—Jack Bogle

You make most of your money in a bear market, you just don’t realise it at the time.
—Shelby Cullom Davis

The contrary investor is every human when he resigns momentarily from the herd and thinks for himself.
—Archibald MacLeish