Don’t expect prudent behavior to be instantly rewarded in a market where patience is the ultimate prudence …

Don’t expect prudent behavior to be instantly rewarded in a market where patience is the ultimate prudence …

– Dan Ferris Extreme Value Update 7/12/2016

My call for caution is likely to look unfounded before it appears justified. That’s OK. Don’t expect prudent behavior to be instantly rewarded in a market where patience is the ultimate prudence.

Doing the right thing consistently is far more valuable to you than being “right” about the market’s direction over any short period of time.”

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