"In a bull market your game is to buy & hold until you believe that
the bull market is near its end. To do this you must study general
conditions & not tips or special factors affecting individual
stocks. Then get out of all your stocks; get out for keeps! Wait until you
see—or if you prefer, until you think you see—the turn of the market;
the beginning of a reversal of general conditions. You have to use your brains and your vision to do this; otherwise my
advice would be as idiotic as to tell you to buy cheap and sell dear." - J.L.
