Investors repeatedly jump ship on a good strategy just because it hasn't worked so well lately, and, almost invariably, abandon it at precisely the wrong time.
David DremanA good starting point [in the measurement of investment risk] is the preservation and enhancement of your purchasing power in real terms.
David DremanI paraphrase Lord Rothschild: โThe time to buy is when there's blood on the streets.'
David DremanA realistic definition of risk recognizes the potential loss of capital through inflation and taxes, and would include at least the following two factors: The probability that the investment you chose will preserve your capital over the time you intend to invest your funds. The probability the investments you select will outperform alternative investments for this period.
David Dreman