Be Fearful When The Markets

Only When The Tide Goes Out Do You Discover Who's Been Swimming Naked.

Only When You Combine Sound Intellect With Emotional Discipline Do You Get Rational Behavior.

With Enough Insider Information And A Million Dollars, You Can Go Broke In A Year.

A Pin Lies In Wait For Every Bubble And When The Two Eventually Meet, A New Wave Of Investors Learns Some Very Old Lessons.

You Have No Ability, If You're A Financial Institution And You're Threatened With Criminal Prosecution, You Have No Ability To Negotiate.