Positioning Yourself to Hold the Best Cards Wait for the Right Opportunity

Purchases, Pessimism, and Pain

In 1939, right after Hitler marched into Poland, John Templeton bought 100 shares of every stock on the Big Board selling for less than $1. Within a few years he had quadrupled his money. He always said the time to buy was at the point of maximum pessimism and pain – obviously something to keep in mind today.
Source: http://www.valueinvestorinsight.com/