When Markets Tank, Do This

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If you can keep your head when all about you

Are losing theirs and blaming it on the Fed;

If you can trust yourself when guests on CNBC shout anew,

But make allowance for their shouting dread;

If you can wait and not be tired by waiting,

Or, surrounded by nonsense, don’t deal in nonsense,

Or, inundated in indicators, scoff at what they’re indicating,

And cherish the thought that uncertainty is immense

(With abject apologies to Rudyard Kipling)

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This article was originally published on The Wall Street Journal.


Further reading

Benjamin Graham, The Intelligent Investor