History runs in cycles. Life runs in cycles. Investments have cycles. Everything, in fact, runs according to some form of cycle. Anyone who says otherwise is a fool.
In fact, fools have done an incredible amount of damage to investors by loudly proclaiming the end of cycles. There’s always some idiot proclaiming that stocks will keep going up, just before they crash. And, once they crash, the same idiot will often be heard saying that they will never go up.
You might say that there is a cycle to idiocy, too.
Well, there’s yet another cycle that you must pay particular attention to:
I have tried telling relatives to get out of those.
Guess where they told me to go. Remember;
When dealing with an unimaginable future, it’s better to be…
…five years early than five minutes late.