Stock Market Tip: Don’t trust yourself too much 07 Dec 2005
8 comments Latest by Pascal Pensa
Here’s how you know when the market’s a little too good: You keep picking winners. Don’t trust yourself to be that smart (or lucky). If everything you have keeps going up up up it’s time to get out out out (or at least a little out). Like my dad says, “No one ever went broke taking a profit.”
8 comments so far (Jump to latest)
joshua 08 Dec 05
Good advice. Warren Buffet said he got rich by “selling too soon”. Wish I’d sold when all my options were worth something!
Keith Casey 08 Dec 05
If you can take enough out to cover your initial investment, then if it all tanks, you haven’t *really* lost anything…
though you’ve probably gained some grey hair.
kayvaan 08 Dec 05
it depends on your time horizen. if you’re a value investor and have 10 year or longer outlooks, you can safely ignore short-term market cycles as long as the company is healthy.
of course, that doesn’t mean you should stay in a company that is no longer healthy or has diminished long-term prospects… :)
Buffets friend 08 Dec 05
Easy to say. Difficult to do.
Will there be another crash so soon?
Buffets friend 08 Dec 05
Short term is like Vegas.
zx 08 Dec 05
“Easy to say. Difficult to do.” - so true…
especially when it seems like AAPL will never die???
zx 08 Dec 05
“Easy to say. Difficult to do.” - so true…
especially when it seems like AAPL will never die???