Very good advise when it comes to investing! I really like the last comment!
There is virtually no accountability in the financial pundit arena. People who have been wrong about everything for years still draw crowds.
When someone takes short-term position in stocks and suffers loss, He will not book loss against it rather say I am a long-term investor now. The truth is saying “I’ll be greedy when others are fearful” is much easier than actually doing it.
Here are some more points from my previous posts ensuring why investors go wrong most of the time.
- The gulf between a great company and a great investment can be extraordinary.
- Not a single person in the world knows what the market will do in the short run. End of story.
- The analyst who talks about his mistakes is the guy you want to listen to. Avoid the guy who doesn’t — his are much bigger.
- You don’t understand a big bank’s balance sheet. The people running the place and their accountants don’t, either.
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