You can't guess. The decade of the '80s (for example) was a decade of great wealth creation and it averaged 17 percent a year, ... But if you missed 40 of the best days, your return was around 3 percent.
More Quotes from Vince Farrell:
We had a euphoric day yesterday because the market thinks Mr. Greenspan is going to be benign today,Vince Farrell
Yahoo is vulnerable to the extent that they're going to have to do something, ... Not necessarily an outright sale of the company so some sort of very close affiliation.
Vince Farrell
Volume is definitely a weapon of the bull. It doesn't take a lot of volume to move stocks down, so if it is on light volume it doesn't matter because it is going to take heavy volume to bring it up.
Vince Farrell
Hughes and Delphi add up to over 40 a share in value then you're buying the auto company for 80 minus the 40, or about 40 bucks.
Vince Farrell
Mix and match the risk. If you do it well, your growth guy is not going to correlate with your value guy -- but it will keep you in the game, ... If you're all in one style and it goes bad, that's the worst thing you can do if you want to build wealth over a long period of time.
Vince Farrell
You can buy GTE for 19 times earnings with a 13 to 15 percent growth rate at a two-and-a-half-percent dividend yield,
Vince Farrell
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