Graham and Doddsville -- Value Investing In The New Era Message Board

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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era

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To: porcupine --''''> who wrote (1565)	4/14/1999 11:04:00 PM
From: David C. Burns	Read Replies (2) of 1722

''We've had 15 periods of declines of 25 percent or more (this century) and we'll have more of those...you need to say to yourself what am I going to do, and if the answer is 'I'm getting out,' you ought to get out now.'' This is as close to a general sell signal as I've ever heard come from Peter Lynch. I don't know the context in which he made the remarks, but Mr. Lynch has always said you have to be able to sleep at night. I have read many many times his statement about the declines and he generally then goes on to make the point about the long term return in spite of declines. I think he is just telling the nervous or those without a long time investment horizon to get out. I'm not sure that he was advising everyone to do so.

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