Originally Posted by
Joshuatree
So true. But what happens when all/most of your eggs in one basket turns sour/south?. It puts one in a horrible situ.We humans dont like to crystallise a loss and can be like the frog in a pot of water heating up; do nothing or become defensive, spruik, promote,pump the stock and encourage others to buy, follow, support .Ones integrity can be challenged when everything is at stake.Im never putting myself in that situ again.I was in the NZX 87 crash and learnt from that..
I cant convince my friend to take some profits or at least free carry his ONLY holding, in Tesla, he is ( a few days ago, its dropped re 20% since )up re 800% has made re $2.5 mill plus, and says is holding for 10 years. But he is not pumping it spruiking it, trying to influence anyone but simply shares his complete and thorough research and knowledge with me when we meet and i ask questions. Hope ATM comes right for holders and believers.