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delightful
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Member Since Feb 2020
Location: United States
Posts: 417
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Default Mar 18, 2023 at 01:18 PM
 
So cool! I was looking through emails and found a list of great quotes which included this one:

by Lynx » Tue Jan 07, 2020 12:32 pm
Pessimism is intellectually seductive and the arguments always sound smarter, especially when they dovetail with our own worries. You think this period is more frightening than the sixteen month recession between July 1981 and November 1982 only because you weren’t there and you haven’t studied history. Your frame of reference is here and now, not then – with a 14% unemployment rate and 15% inflation. As Peter Lynch reminds us about that era, “Sensible professionals wondered if they should take up hunting and fishing, because soon we’d all be living in the woods, gathering acorns. Then the moment of greatest pessimism, when 8 out of 10 swore we where heading into the 1930s the stock market rebounded with a vengeance and suddenly all was right with the world.”

That’s what usually happens.

It brought me some happy memories. Hope it does the same or you, R
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