Thought for Saturday...
I will just leave this one here...
"Day traders considered themselves successful if they bought a stock at $10 and sold at $11, bought it back the next week at $24 and sold at $25, and bought it a week later at $39 and sold at $40. If you can't see the flaw in this – that the trader made $3 in a stock that appreciated by $30 – you probably shouldn't read the rest of this book."
The book: The Most Important Thing: Uncommon Sense for the Thoughtful Investor
The author: Howard Marks
2
0 comments
Thought for Saturday...
Suggested communities
Powered by