Saturday, 1 February 2014

Today's Words of Investing Wisdom: Just Buy At The Bottom of the Cycle

The different systems - Ben Graham, growth stocks - are fine, as long as you have the discipline to stick to them...Myself, I have no system. I'm a pragmatist. I just wait until the fourth year, when the business cycle bottoms, and buy whatever is offered. 
Larry Tisch, from The Money Masters