I never hesitate to tell a man that I am
bullish or bearish. But I do not tell people to buy or sell any particular
stock. In a bear market all stocks go down and in a bull market they go up. I
don’t mean of course that in a bear market caused by a war, ammunition shares
do not go up. I speak in a general sense. But the average man doesn’t wish to be told that it is a bull or a bear
market. What he desires is to be told specifically which particular stock to
buy or sell. He wants to get something for nothing. He does not wish to work.
He doesn’t even wish to have to think. It is too much bother to have to
count the money that he picks up from the ground. —Edwin LeFevre
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