Quote of the day by Bill Miller: "By the time market declines (or advances) are front-page news, they usually have run their course."

Investor Bill Miller's quote of the day notes that by the time market declines or advances make front-page news, they have usually already run their course. The accompanying piece explains that headline-driven investing can be risky and emphasises the value of independent thinking, discipline, and a forward-looking approach in financial markets.