The rub here is that buying when prices are low is always a very scary proposition. The low prices that produce high future returns are not possible without catastrophe and risk.


Chapter 1, No Guts, No Glory, p. 12. - The Four Pillars of Investing (2002)

William J. Bernstein Quotes

The rub here is that buying when prices are low is always a very scary proposition. The low prices that produce high future returns are not possible...

The rub here is that buying when prices are low is always a very scary proposition. The low prices that produce high future returns are not possible...

The rub here is that buying when prices are low is always a very scary proposition. The low prices that produce high future returns are not possible...

The rub here is that buying when prices are low is always a very scary proposition. The low prices that produce high future returns are not possible...