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We've used up a lot of bullets. And we talk about stimulus. But the truth is, we're running a federal deficit that's 9 percent of GDP. That is stimulative as all get out. It's more stimulative than...
Americans are in a cycle of fear which leads to people not wanting to spend and not wanting to make investments, and that leads to more fear. We'll break out of it. It takes time.
Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.
There seems to be some perverse human characteristic that likes to make easy things difficult.
Wide diversification is only required when investors do not understand what they are doing.