Though as I said back in 2008 and early 2009, I do know three things that are even more important for investors. I don't know what the market will do today or even for the rest of the year. Now I'm merely buying it back at a 12 percent discount. What really happened was that I bought stocks from those who panicked in 20, and have been selling them back to the same investors who panicked earlier. Just comes with the territory of "hurts so good investing." Nor was I immune to feeling the pain for both my clients' and my portfolios. In 20, I had no more of a clue than anybody else as to when the market was going to rebound.
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