No predictions, but 2024 kinda doesn't look too good so far? (downturn, status)

[treasurekidd]

Originally Posted by GeorgiaTransplant

I really, really like two phrases when it comes to investing. I haven't always followed them, but when I have it's usually been a better result:

"Benign neglect, bordering on sloth, remains the hallmark of our investing process" - Buffett
"When in doubt, do nothing" - Unknown

Good ones. I love both, and I will add a great one by Terry Smith, "Buy quality companies, don't pay too much, then do nothing."

[BigCityDreamer]

Originally Posted by GeorgiaTransplant

I really, really like two phrases when it comes to investing. I haven't always followed them, but when I have it's usually been a better result:

"Benign neglect, bordering on sloth, remains the hallmark of our investing process" - Buffett
"When in doubt, do nothing" - Unknown

I would add:

“Even when you’re not in doubt, do nothing.”

[lottamoxie]

Originally Posted by GeorgiaTransplant

I really, really like two phrases when it comes to investing. I haven't always followed them, but when I have it's usually been a better result:

"Benign neglect, bordering on sloth, remains the hallmark of our investing process" - Buffett
"When in doubt, do nothing" - Unknown

[moguldreamer]

But... but... but... this time it's different.

[lottamoxie]

Buffett's sloth quote is probably my fave of all of his.

I call the strategy, "Rip Van Winkle your way to retirement!" That's pretty much how it went for me.

[BeerGeek40]

One thing I've learned over time is that when darn near 100% of the population is convinced they are right about something..... WATCH OUT.

[mathjak107]

Originally Posted by BeerGeek40

One thing I've learned over time is that when darn near 100% of the population is convinced they are right about something..... WATCH OUT.

except when it is something that had a very long history of playing out the way it has , when it continues to play out the way it was , and when it stands a reasonable chance of continuing on


most of us but not all of us knows what happens when we think this time is different

[BigCityDreamer]

Originally Posted by BeerGeek40

One thing I've learned over time is that when darn near 100% of the population is convinced they are right about something..... WATCH OUT.

My experience is that quite a few people want to have nothing to do with stocks.

They think the stock market is one huge casino.

[mathjak107]

Originally Posted by BigCityDreamer

My experience is that quite a few people want to have nothing to do with stocks.

They think the stock market is one huge casino.

and you know who they are right away… they refer to investing as playing the stock market

[jasperhobbs]

Originally Posted by BigCityDreamer

My experience is that quite a few people want to have nothing to do with stocks.

They think the stock market is one huge casino.

To a degree, they are right