The Wisdom of Great Investors

[DragonflyProperties]

Hi all,

I recently received an article from one of my investment adivsors. I attached a PDF file to this post in the "Members-Only" section (the only section where users can post attachments). I prefer to get my advice (real estate and otherwise) from individuals who have a track record of success; not from posts of questionable value that are "hot-stoved" down irrelevant tangents. Excerpts:

• Avoid Self-Destructive Behavior -"Individuals who cannot master their emotions are ill-suited to profit from the investment process." Benjamin Graham, Father of Value Investing [*][*]Understand That Crises Are Inevitable - "History provides a crucial insight regarding market crises: They are inevitable, painful and ultimately surmountable." Shelby M.C. Davis, Advisor and Founder, Davis Advisors [*][*]Don`t Attempt to Time the Market - "Far more money has been lost by investors preparing for corrections or trying to anticipate corrections than has been lost in the corrections themselves." Peter Lynch, Legendary Investor and Author [*][*]Be Patient - Despite inevitable periods of uncertainty, stocks have rewarded patient, long-term investors." Christopher C. Davis, Davis Advisiors [*]Don`t Let Emotions Guide Your Investment Decisions - "Be fearful when others are greedy. Be greedy when others are fearful." Warren Buffett, Chairman, Berkshire Hathaway Recognize That Short-Term Underperformance Is Inevitable - "The basic question facing us is whether it`s possible for a superior investment manager to underperform... The assumption widely held is `no`. And yet if you look at the records, it`s not only possible, it`s inevitable." Robert Kilby, Founder, Capital Guardian Trust Company Disregard Short-Term Forecasts and Predictions - "The function of economic forecasting is to make astrology look respectable." John Kenneth Gailbraith, Economist and Author Conclusion - "You make most of your money in a bear market, you just don`t realize it at the time." Shelby Cullom Davis, Diplomat, Legendary Investor and Founder of the Davis Investment Discipline

Keith