"The first job I got when I was in high school was working for a department store in New York. I worked in the stockroom. That's when I learned that I couldn't work for anyone else, because I was spoken to in a way that I wasn't spoken to at home."

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Successful investors like stocks better when they’re going down. When you go to a department store or a supermarket, you like to buy merchandise on sale, but it doesn’t work that way in the stock market. In the stock market, people panic when stocks are going down, so they like them less when they should like them more. When prices go down, you shouldn’t panic, but it’s hard to control your emotions when you’re overextended, when you see your net worth drop in half and you worry that you won’t have enough money to pay for your kids’ college.

— Seth Klarman