Warren Buffett Compares Bull Markets To Sex

In an upcoming letter to investors, Warren Buffett provides advice to non-professional traders about not getting too excited about short term rises in price momentum, quoting famous Wall Street money manager Barton Biggs, saying "A bull market is like sex. It feels best just before it ends." 

The antidote “is for an investor to accumulate shares over a long period and never sell when the news is bad and stocks are well off their highs,” Warren Buffett noted. “Following those rules, the 'know-nothing' investor who both diversifies and keeps his costs minimal is virtually certain...