I always pay attention to the seasoned investors in difficult markets. By seasoned, I am referring to those over 80 years old. Why? They have a lot of reps in up and down markets. While markets don't always move the same in each up and down cycle, experience counts. Keep this thought firmly
“The prevailing view has been that the market will earn a high rate of return if the holding period is long enough, but entry point is what really matters.”
