How We Think About Market Fluctuationsの一節でもいかが？
" If you plan to eat hamburgers throughout your life and are not a cattle producer, should you wish for higher or lower prices for beef ? "
" If you expect to be a net saver during the next five years, should you hope for a higher or lower stock market during that period ? "
" Prospective purchasers should much prefer sinking prices. "
" We gained enormously from the low prices placed on many equities and businesses in the 1970s and 1980s. Markets that then were hostile to investment transients were friendly to those taking up permanent residence. In recent years, the actions we took in those decades have been validated, but we have found few new opportunities. "