I quit my job to try my hand at startups in 2007 and of course failed miserably. When 2008 hit, I didn't have a lot of money. I watched with a lot of surprise

I quit my job to try my hand at startups in 2007 and of course failed miserably. When 2008 hit, I didn't have a lot of money. I watched with a lot of surprise as stocks hit huge returns out of the ballpark since then. Nowadays, I don't buy a lot of stocks. I just hoard cash waiting until the next crash. Then I'll start hunting for bargains and hopefully ride the next recovery up. As someone else in this thread has noted, save during boom times, buy during bust times.