Some rules of thumb of investing are so logical, they are easy to forget. So easy, some investors never get to learn them thoroughly.
Here they are:
The next investor may be as smart or smarter than you. Chances are they have the same information about a company or security, or strategy you are looking at for buying. Which may be very little or a bit more.
Also remember, for every seller there has to be a buyer. Therefore, that dog of a security you are selling is being bought by someone who feels they are getting a bargain.
And when you feel it is time to desert the market, there is someone out there who feels it is time to get into it.
Do you still think you can really outsmart the next guy?
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