“The duration of the slump may be much more prolonged than most people are expecting and much will be changed both in our ideas and in our methods before we emerge. Not, of course, the duration of the acute phase of the slump, but that of the long, dragging conditions of semi-slump, or at least sub-normal prosperity, which may be expected to succeed the acute phase.” - The economist John Maynard Keynes, writing in 1931.

“Zero. This is the third time that Warren and I have seen our holdings in Berkshire Hathaway go down, top tick to bottom tick, by 50%. I think it's in the nature of long term shareholding of the normal vicissitudes, in worldly outcomes, and in markets that the long-term holder has his quoted value of his stocks go down by, say, 50%. In fact, you can argue that if you're not willing to react with equanimity to a market price decline of 50% two or three times a century you're not fit to be a common shareholder, and you deserve the mediocre result you're going to get compared to the people who do have the temperament, who can be more philosophical about these market fluctuations.” - Charlie Munger, Warren Buffett’s vice chairman at Berkshire Hathaway, asked in a BBC interview in October 2009 how concerned he was by the recent decline in Berkshire’s share price.

“The stock market is a device for transferring money from the impatient to the patient.” - Warren Buffett.

“Life is what happens to you while you’re busy making other plans.” - John Lennon.