The Only Time to Hope the Market is Rising Is When You Are Selling
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The only time to pray for a rising market is when you are selling a company - when you are a buyer, the more stocks fall the better!!
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baselle said:
Mine was something that the late Louis Rukeyser said:
If your favorite fruit was a melon, and you found out melons were going on sale, you’d be pretty happy, wouldn’t you? And you’d buy some more. Why do people think that stocks are any different?
June 28th, 2006 at 12:11 am -
Marc Mayor said:
To me, this also sounds like the kind of things people say to reassure themselves. An analogy would be the guy who jumped from the tenth floor and says, as he passes the second floor on the way down, “so far, so good!”.
I don’t mean to insult. You seem very happy with your approach so you shouldn’t change a thing. I mean that more for readers who are not 100% sure what to do.
I took a different road by investing in a neutral manner, half long, half short, so as to have very little volatility but still double-digit annual performance. I just find it amazing how few people do that, given how successful it is.
Enough said, let’s make money!
July 7th, 2006 at 12:14 pm -
baselle said:
I don’t understand shorting. Yet. That’s the main reason I don’t do the half long, half short. It sounds like re-balancing the longs and the shorts is an interesting experience, too.
July 30th, 2006 at 12:36 am
