Bad news sells more newspapers, and creates more TV news viewers. … Investors have learned to approach positive news with a healthy dose of skepticism and correctly judge much of what they hear as “too good to be true.” But I believe investors have been slow to apply that thinking to the negative, and should also consider the possibility that what they hear is “too bad to be true.”
-Bill Nygren
This is one of the 750 quotes from 50 legendary investors featured in Investment Wisdom.
