"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 founding a share when the bottom of the market comes." - Keynes
CW8888:
How much do we lose when we are terribly wrong?
Just 100% of our capital. No shame! Losing is part of the Game.
How much can we win when we are right and continue to be right?
X%, XX%, XXX% or even X,XXX%
Why still so many cannot bear to do it?
Panic when they see the market!!!
One good remedial is to stay calm and make Pillow Stocks. We will sleep better across market cycles.
Read? John Wasik on "Keynes's Way to Wealth: Timeless Investment Lessons from the Great Economist"
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Hi,
ReplyDeleteI guess we just need to buy safe stocks or have confidence in our valuation of stocks to sleep soundly during the market cycles.
We may have to continuously train our mind to do it. :-)
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