Templeton on rational optimism
And now the last principle. Do not be fearful or negative too often. For 100 years optimists have carried the day in U.S. stocks. Even in the dark ’70s many professional money managers made money in stocks, especially those of smaller companies.
There will, of course, be corrections, perhaps even crashes. But, over time, our studies indicate stocks do go up … and up … and up.
Advice that you have probably heard from other greats but few said it better or more often than John Templeton. From the 16 Rules for Investment Success (PS: can someone remind me where did I get this copy to give proper attribution?)