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26-05-2013, 02:59 PM
(15-05-2013, 09:47 AM)Temperament Wrote:(15-05-2013, 09:31 AM)Ben Wrote:Ha! Ha!(14-05-2013, 06:13 PM)greengiraffe Wrote: Absolutely, its TINA times. One just got to understand who is behind the buying now - its real money, no the small men on the streets...
Hence, the need to hunt for stocks with the margin of safety in the event of an unexpected turn - at least can tide over wrong term...
GG
Beside TINA, I think the Greater Fool theory is also in play. Just last week I sold all my holding at $1.31 to the next fool, so I thought, but looking at the price now, I realized I am the greater fool
All of us will react like that until one incident after you sell, the market tanks. Then you will react the other way. "Heng Ah, thank my lucky star."
Sooner or later you will come to accept or understand as long as you make money when you decide to sell, you should thank your lucky star too. Why? Don't you think you have the possibility & capability to make money again? Even may be from the same stock. IMO.
Joel Greenblatt says something like that too. (i may spell his name wrongly).
Cheers!
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.