"Many investors make the mistake of buying high and selling low while the exact opposite is the right strategy to outperform over the long term."

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The idea that when people see prices falling they will stop buying those cheaper goods or cheaper food does not make much sense. And aiming for 2 percent inflation every year means that after a decade prices are more than 25 percent higher and the price level doubles every generation. That is not price stability, yet they call it price stability. I just do not understand central banks wanting a little inflation.

— Paul Volcker