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Quote by Edward Bulwer-Lytton, 1st Baron Lytton

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Edward Bulwer-Lytton, 1st Baron Lytton
Edward Bulwer-Lytton, 1st Baron Lytton

British novelist known for his historical novels and Gothic tales, famous for works such as 'Peveril of the Peak' and 'Evelyn Hope'. more

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“If you expect to be a net saver during the next 5 years, should you hope for a higher or lower stock market during that period? Many investors get this one wrong. Even though they are going to be net buyers of stocks for many years to come, they are elated when stock prices rise and depressed when they fall. This reaction makes no sense. Only those who will be sellers of equities in the near future should be happy at seeing stocks rise. Prospective purchasers should much prefer sinking prices.”

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