Quote of the day by Walter Schloss: "If the market’s going wild and you want to be in it, you either have to lower your standards to stay in the game or you buy stuff which may not participate because it’s not part of the game at that time"

Legendary investor Walter Schloss highlighted the dilemma of booming markets, where investors face the choice of lowering standards to chase quick gains or sticking to discipline with potentially lagging investments. Maintaining patience and focusing on fundamentals, rather than market fads, is crucial for long-term success and capital preservation.

Raccontata daeconomictimes.indiatimes.com