When to Buy Stocks

It's good to buy if you

• have fun in the trade
• earn money at the end of each year no matter how small it is
• financial independent
• nobody suffers from your mistakes

It's better to buy after you know 

• the current phrase of business cycle
• the trend of interest rates
• the over-all governmental attitude toward investment and private enterprise
• the long-range trend to more and more inflation
• new inventions and techniques as they affect old industries

It's best to buy when you

• have $100,000 plus cash on hands without any use in the forseeable 10-20 years
• have $3,000 extra cash monthly available for investment
• enjoy reading books in economics, business, taxation, psychology, and finance
• have peace of mind 
• read stock analysis and intelligent investors at least 3 times
• read Buffet's letters to his investors for the past 30 years
• in good physical health 

To make you angry, I don't know when to buy to make a good money. If I do, I will not have the time to write this nonsense.