Having The Nerve To Invest

All you had to do to make money in the crisis – was have money to spend and the nerve to spend to it. You didn’t need caution, conservatism, risk control, patience selectivity, discipline, any of those things. All you needed was money and nerve. But not all the time, because sometime money and nerve will get you killed. One of the keys to investing is to know which is which.

– Howard Marks