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Great Quotes Vol. 13: Morgan Housel Edition

Rule Breaker Investing

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Morgan, One Year Out of Every Three, the Market Drops

One year out of every three, the market drops. That's been historically true for a century or more. The good news is that two years out of everyThree, the market rises and three years out of Every Three on average, they rise around 10% annualized. It doesn't really matter to me how we do in 1991 or 2008 or 1997 or 2015, because I'm in it to win it for my entire life. "I have been from the start. I will be to the very end," says Motley Fool CEO Tom Costello.

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