Human beings are not very good at taking losses or admitting failure. - William J. Bernstein

The rub here is that buying when prices are low is always a very scary proposition. The low prices that produce high future returns are not possible without catastrophe and risk.

The advent of modern communication technology has simply facilitated the rapid dissemination of increasingly trivial information.

Ninety-nine percent of what you read about investing in magazines and newspapers, and 100% of what you hear on television is worse than useless.