Charles Brandes quote

From Brandes on Value:

To borrow a few words from Sir John Templeton, a respected pioneer in global money management, “There is too much emphasis now on everything yesterday.”

As I see it, we are no longer as thrifty as we should be, and this is leading to more speculation, more danger, and more risk. Investors are bombarded by data from an escalating number of sources, such as 24-hours-a-day financial news on cable television, the Internet, broadcast and satellite radio, and a good but shrinking number of capable print media. As our appetites for information and our expectations have increased, our ability to wait and anticipate has decreased.