It’s times like these

The following reminders could not be more important in times like these with respect to the stock market.

The outstanding characteristics of financial markets are shortness of memory and ignorance of history.

– John Kenneth Galbraith

It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.

– Mark Twain

If you’re not confused you don’t understand what’s going on.

– Walter Cronkite

– On prudence

The less prudence with which others conduct their affairs, the greater the prudence with which we must conduct our own affairs.

– Warren Buffett