You get recessions, you have stock market declines. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets.
About this quote
- What does it mean?
- Market declines and recessions are inevitable; understanding this prepares you for success.
- In plain terms
- Know markets go down so you are ready.
- What can you take from it?
- Prepare for downturns to survive them.
Where it applies
Putting it to work
Questions to consider
- Are you ready for a crash?
- How do you prepare for downturns?
Another view
Predicting exactly when a recession hits is often impossible despite knowing they come.
More from Peter Lynch
In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten.
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