A high price can make a good business into a very bad investment, whereas a low price can turn a mediocre business into a very sound and profitable investment.
“If the doors of perception were cleansed everything would appear to man as it is: infinite.” ~ William Blake “What a man can be, he must be. This need we call self-actualization.” ~ Abraham Maslow “What is necessary to change a person is to change his awareness of himself.” ~ Abraham Maslow “The days of […]
Bull markets make stocks expensive, expensive stocks leave little room for error, and little room for error increases the odds of bull markets ending. Same thing in the other direction. Recessions cause pessimism. Pessimism causes underproduction, underproduction leads to scarcity, scarcity leads to a new boom.- Abraham Germansky Please follow and like us:0