The Brooklyn Investor: “People constantly worry about 20-30% corrections. I don’t worry about those at all, and I assume we will have a lot of those over even the next 3-5 years. I don’t care about things like that too much. In fact, I don’t even worry too much about a 1999-like bubble, because if you look back, if you owned solid, decent stocks and held on through it, you would have been fine. I expect the same going forward…For me, I would only worry about a situation like 1989 Japan where things were so expensive that it might take years to work off the valuation, but even then, as I said, I would focus company by company and not worry too much about the overall market.”
Email Marketing Memories: Loren McDonald’s 17 memories over 20 years.
