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Stills Quotes

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Stills Quotes

“In the stock market (as in much of life), the beginning of wisdom is admitting your ignorance. One of the many things you cannot know about stocks is exactly when they will up or go down. Over the long term, stocks generally rise at a nice pace. History shows they double in value every seven years or so. But in the short term, stocks are just plain wild. Over periods of days, weeks and months, no one has any idea what they will do. Still, nearly all investors think they are smart enough to divine such short-term movements. This hubris frequently gets them into trouble.”

“You had to form for yourself a lucid language for the world, to overcome the battering of experience, to replace everyday life's pain and harshness and wretched dreariness with - no not with certainty but with an ignorance you could live with. Deep ignorance, but still a kind that knew its limits. The limits were crucial.”