As a young, wide-eyed trainee investment analyst in the early...

As a young, wide-eyed trainee investment analyst in the early 1990s, a really smart investor who would become my mentor, told me:

"Pessimists buying conspiracy theories get to sound smart.
Optimists buying good businesses get to create wealth."

More than two decades, and all sorts of financial crises and burst bubbles, later, and his words continue resounding in my ears.