"Buy Right, Sit Tight"
- Jesse Livermore
More nuggets of wisdom from one of the all time great stock market traders. More here:
http://www.ritholtz.com/blog/2014/02/nine-surprising-things-jesse-livermore-said/
In order to buy right, one of course has to be able to value an investment objectively. Here is a musing from valuation guru Aswath Damodaran:
Facebook buys Whatsapp for $19 billion: Value and Pricing Perspectives
Again, even one can get valuation right, it is still the mental framework and temperament to "Sit tight" that makes money for the investor.
“It was never my thinking that made the big money for me, it always was sitting.”
Some food for thought! Happy Friday!
- Jesse Livermore
More nuggets of wisdom from one of the all time great stock market traders. More here:
http://www.ritholtz.com/blog/2014/02/nine-surprising-things-jesse-livermore-said/
In order to buy right, one of course has to be able to value an investment objectively. Here is a musing from valuation guru Aswath Damodaran:
Facebook buys Whatsapp for $19 billion: Value and Pricing Perspectives
Again, even one can get valuation right, it is still the mental framework and temperament to "Sit tight" that makes money for the investor.
“It was never my thinking that made the big money for me, it always was sitting.”
Some food for thought! Happy Friday!
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