It takes courage to be a pig
Quote:
Originally Posted by
Left field
Me just back from a fab morning mountain bike ride, determined to ignore the market at the moment. My learning - it is almost impossible to pick 'tops and bottoms.' Best to take a longer term view.
Until ATM issues a market update, ask yourself, 'what has changed?'
So I'm holding.
I’m holding too and I bought a few more yesterday at $7.57 because they were cheaper than the day before. The story hasn’t changed. Long term it is a winner.
Thank you to whoever mentioned the book “The Art of Execution” by Lee Freeman–Shor on sharetrader some time ago. Excellent book, excellent advice.
“The key to successfully executing great ideas and making lots of money comes down to the actions you take AFTER you have invested in an idea and find yourself losing or winning.
One of the keys to riding a big winner is to avoid being scared out of it. It takes courage to be a pig.
Materially adapt when you are losing. Either add meaningfully to an existing investment or sell out.”