These facts are very much applicable in present context, you don't need to read 100s of investment book, just follow these & see how you are able to act different from crowd. You must be aware of this but I would still request you to read and apply these in current market scenarios.--------------------------------
- To be fearful when others are greedy, and be greedy when others are fearful.
- Investing is the greatest job in the world because you never have to swing. You stand at the plate; the pitcher throws you General Motors at 47! U.S. Steel at 39! And nobody calls a strike on you. There's no penalty except opportunity lost. All day you wait for the pitch you like; then when the fielders are asleep, you step up and hit it.
- Stay dispassionate and be patient. You're dealing with a lot of silly people in the marketplace; it's like a great big casino and everyone else is boozing. If you can stick with drinking Coke, you should be OK.
- First the crowd is boozy on optimism and buying every new issue in sight. The next moment it is boozy on pessimism, buying gold bars and predicting another Great Depression, most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well.
- JK, Associate, HBJ Capital
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