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Thursday, October 30, 2014 6:33:30 PM
Came across an interesting post on another forum.
Fwiiw some of the hardest lessons that I have learned in the market are from getting too close to management , knowing absolutely everything that's going on ,or at least what you were told ,and then feeling half guilty if your inclination was to ditch.
I know in the racing game as soon as you start getting involved with trainers and jockeys is when you start to lose serious money .
Same thing with stocks . The only people I'm interested in getting to know are those who are doing the buying and selling ,those directly involved in the company make you just as biased as they are.
A lot of these guys are just salesmen . Some of the things they told the shareholders,in my experience,would make your toes turn up . But they do anything to keep the positivity going , they actually start believing it themselves.
Go back to basics buddy and do what you know you do well yourself . There aren't all that many better than you
R.
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