I've just listened to an interview that Anthony Robbins conducted with Sir John Templeton some years ago before his death at the age of 95. One of the topics covered was when to invest or more precisely timing of investments in the market?
Sir John's answer reminded me of something I had read previously from Warren Buffet, and to quote/paraphrase both of these great men, 'when everyone is being greedy/optimistic, be frightened and when everyone is frightened and pessimistic be greedy'.
Time has proven the merit of this thinking...GFC?
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