Sometimes buying early on the way down looks like being wrong, but it isn't.
Generally, the greater the stigma or revulsion, the better the bargain.
Always look for forced urgent selling.
Successful investors must temper the arrogance of taking a stand with a large dose of humility, accepting that despite their efforts and care, they may in fact be wrong.
We work really hard never to get confused with what we know from what we think or hope or wish.
We buy expecting to hold a bond to maturity and a stock forever.