Market
psychology is always a serious factor that dictates the lack of
discipline in investors. Most take what profits they see on the way
up, and run; no matter what their original strategy or purpose was
for buying that security. So the odds of achieving huge winnings are
always steep.
And
besides, it is almost impossible for an outside observer to properly
evaluate management. Analysts who make it their profession cannot
evaluate managers wisely or adeptly from the outside. Why believe the
public can?
Therefore
I have found the odds of this sweepstakes are too steep in the long
run. I suggest investing in low-cost index funds as your best bet. (See the Earl J. Weinreb NewsHole® comments.)
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