Dan Ferris on market extremes

I just have this view that you should be a bottom up investor most of the time...  But there are times when the top down gets so extreme.  I think at the extremes one needs to respect cycles and cycles do occur, right?  And cycles are brutal, aren't they?  Cycles don't care about how wonderful your business is, do they?  Dan spends all this time looking at free cash flow, balance sheets and moats...  Cycles don't care about any of that when they really get cooking at the extremes.

~ Dan Ferris, Brett Eversole interview, Stansberry Investor Hour, August 22, 2022

John Bogle on investing and cycles

Your success in investing will depend in part on your character and guts and in part on your ability to realize, at the height of ebullience and the depth of despair alike, that this too, shall pass.

~ John Bogle

Arthur Schopenhauer on the cyclical nature of truth

Truth is allowed only a brief celebration between two long ages: first damned as a paradox, then underrated as trivial.

~ Arthur Schopenhauer