Keynes: "I do not believe that selling at very low prices is a remedy for having failed to sell at high ones... I feel no shame at being found owning a share when the bottom of the market comes."
Uncle8888's 10-year Goals for all to see. Ants, Butterflies and Grasshoppers are included.
Got Goals! Got Plans
This year didn't hit the target. No shame!
Next year, we can walk, run, jump or screw to plan to make it. No shame!
No shifting Goal Posts. No shame!
He
wrote: "I do not believe that selling at very low prices is a remedy
for having failed to sell at high ones... I feel no shame at being found
owning a share when the bottom of the market comes. - See more at:
http://business.asiaone.com/news/stock-picking-tips-great-economist-keynes#sthash.G0GHnC4H.dpuf
Posts
Uncle8888,
ReplyDeleteI'm just curious to know, what does the chart mean?
Not sure. Will understand the chart better now with post 2?
DeleteCW,
ReplyDeletePlease hor, don't include us grasshoppers.
1. We don't use straight-line extrapolation planning. (Come to think of it, wait, do I have a plan? Yes of course! More atas.)
2. In a bear market, if you fly with one wing (long only), the best you can do is not to lose money.
You 10 year plan is based on "absolute returns" but the tool kit you have is for "relative returns" ;)
Grasshoppers fly with BOTH wings.
Ants have forgotten the art of flying after their maiden mating flight. More like the Queen conveniently don't share this truth
with her daughters...
My fault! I should not have encouraged you on transparency,
Qian bei, can you put your clothes back on?
My bad.