Below are some famous quotes to reflect on given the recent market volatility due to the Covid-19 pandemic.
“Everyone has a plan until you get punched in the face” Mike Tyson
“I can calculate the motions of the planes, but I cannot calculate the madness of men” Sir Isaac Newton
“At heart, uncertainty and investing are synonymous” Benjamin Graham
“In the middle of every difficulty, lies opportunity” Albert Einstein
“To invest successfully, one doesn’t need a stratospheric IQ. What’s needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework.” Warren Buffet
“Basically, price fluctuations have only significant meaning for the true investor. They provide him with an opportunity to buy wisely when prices fall sharply and sell wisely when they advance a great deal. At other times he will do better if he forgets about the stock market” Benjamin Graham
“The stock market is a device of transferring wealth from the impatient to the patient” Warren Buffet
“Comparison is the thief of joy” Theodore Roosevelt
“Be comfortable with the uncomfortable” Corrado Tiralongo, Chief Investment Officer, Investment Planning Council
“The only thing certain, is uncertainty” Ron Blue
“The market perspective tends to swing between extremes of unsustainable optimism and unjustified pessimism” widely quoted
“As investors we never have a clear picture – there are always some pieces missing from the puzzle” Joe Jugovic, CFA, QV Investors Inc.
“Even through heavy fog, we highlight the necessary underlying belief that the road will continue. That it does not just suddenly end. Of course, there will be dips and turns, but the fog will eventually subside. This perspective is powerful. It ensures you do not reverse course. It is what keeps you moving. It is what gives us the conviction to know that as long as we act with prudence, stick to our investment philosophy and maintain a long time horizon, we can navigate through this fog of uncertainty and be much better off on the other side”.
Clement Chiang, CFA, QV Investors Inc.
“All Storms pass. It is how you weather them that matters” Jimmy Chin, National Geographic photographer, filmmaker, and mountain sport athlete
“Our favorite holding period is forever” Warren Buffet
“If the business does well, the stock eventually follows” Warren Buffet
“What an opportunity to trust God” Ron Blue
“This too shall pass” widely quoted
As Christians, we take comfort that God is in control. The goal is to operate out of faith and not fear by controlling our habits such as prayer and devotions, staying healthy which includes following Covid-19 protocols, focusing on others and being grateful for His provision and blessings.
Jim Hummel, CFP® CKA®