Quotes on Cyclical Stocks

You can't go to sleep holding cyclical stocks for a decade and expect to be richly rewarded. The rich rewards are in growth stocks and special situations.

In cyclicals, a period of silly prices is followed by a period of sobriety.

Cyclicals are very forgiving. They always give you a second chance.

The best time to get involved with cyclicals is when the economy is at its weakest, earnings are at their lowest, and public sentiment is at its bleakest.

My experience teaches me that by far the largest losses have been sustained by investors through buying securities of inferior quality under favorable general conditions.