Buying Quotes

The investor has a right to expect good results to flow from a consistent and courageous application of the principle of buying after the market has declined substantially and selling after it has had a spectacular rise. But he cannot expect to reduce this principle to a simple and foolproof formula, with profits guaranteed and no anxious periods.

And there’s a period where everyone’s buying those and it’s really bad because no one is Larry David or Ricky Gervais. And then they don’t work and networks stop wanting to buy them, but because they wanted to buy them before the producer wanted to make them, the producers are still hanging on to wanting to make them.