Avoid A Bull Or Bear Bias
I never felt that I was wedded indissolubly to one or the other side of the
market. That a bull market has added to my bank account or a bear market has
been particularly generous I do not consider sufficient reason for sticking to
the bull or bear side after I receive the get-out warning. A man does not
swear allegiance to either the bull or bear side. His concern lies with being
right.
—Edwin Lefèvre, from
Reminiscences of a Stock Operator (1994, John Wiley
& Sons, New York).
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