Confronting Brutal Facts: The US Market Is A Fly In Search Of A Windscreen
by Tyler Durden
ZeroHedge.com
08/11/2014
On September 9th, 1965, US Navy pilot James Stockdale was shot down over North Vietnam and seized by a mob. He would spend the next seven years in Hoa Lo Prison, the infamous “Hanoi Hilton”. When asked who didn’t make it out? “Oh, that’s easy…The optimists.” The lesson, he explains, is a valuable one for investors today: “you must never confuse faith that you will prevail in the end – which you can never afford to lose – with the discipline to confront the most brutal facts of your current reality, whatever they might be.”
The Rest…HERE
