Unshakeable: Your Financial Freedom Playbook
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Even so, some clients needed a lot of reassurance. “Shouldn’t we get out of stocks now and go to cash?” they’d ask. “Doesn’t this crash feel different?” This reminded me of Sir John Templeton’s famous remark: “The four most expensive words in investing are ‘This time it’s different.’ ” In the midst of a market meltdown, people always think this time is different!
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suggest you commit that line to memory: “Over the long term, the stock market news will be good.”
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Remember, as Warren Buffett says, “The stock market is a device for transferring money from the impatient to the patient.”