“We see far more long-term opportunity in higher-growth overseas markets where stocks are currently ‘on sale.’ We say that not because we know anything about the future, but we know something about the past. Based on history, stocks at today’s valuations cannot be trusted to deliver decent rates of return. You want to buy low, and sell high. Not buy high and try to sell higher. That’s not how the game works (at least not over the long run).”
http://www.bonnerandpartners.com/our-visit-to-miss-brazil/
Related posts:
About the Federal Reserve Police
Westerners Kidnapped in North Africa — but Is France the Real Target?
Understanding Gold Market Dynamics
Christopher Dorner and the Chaos Inherent to Government
A Note on the Goofy U.S. Government
Calling All Patriots…
U.S. Helping Iranians With Surveillance Circumvention Technologies
Phoenix Woman Ordered to Not Give Out Water in 112 Degree Heat Because She Lacked a Permit
The National Archives: Lawbreaker and Cover-Upper
Junk Bonds Soar in Price as Investors Seek Higher Rates
Bill Bonner: This Unexpected Event Will Cut the S&P 500 in Half
Dream of U.S. energy independence was just revised away
Gold: Dead Cat Or Raging Bull?
The Police State Programs Not Affected by a Government Shutdown
Manning Show Trial Exposes the Fraud of Representative Democracy
