I have
constantly investigated the discipline of strategy use. Discipline
is much more essential than strategy usage and upsets the useless market
timing plans of the overwhelming majority of investors, professionals
as well as just amateurs.
Iron-clad
discipline must be part of each strategy. The reason to buy a
security has to be an integral part of the eventual reason to sell.
That’s discipline. But it isn’t easy to maintain when you’re a
Main Street investor having to contend with media noise.
That
consists of the usual panoply of opinions, most of which are broker,
“adviser,” or salesmen-oriented; inaccurate or biased. (
See the Earl J. Weinreb NewsHole® comments.)
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