Connect the dots: Human nature and investor behavior rarely change. "The public buys the most at the top and the least at the bottom." "Excesses in one direction will lead to an opposite excess in the other direction."
"Fear and greed are stronger than long-term resolve." "Exponential rapidly rising or falling markets usually go further than you think, but they do not correct by going sideways."
"That's why contrarian investing is inherently painful. It goes against human nature and it's deeply uncomfortable. That's why it works for the patient investors."
