Securities evaluations are not simple. And the media usually get explanations wrong.
I repeat: The strategy an
investor should use will
depend on the original investment
intent when the securities are purchased. What is the purpose of the
purchase? What is the
reasoning in terms of investor
age, goals, risk accommodation, and psychology?
And, importantly, the extent of
discipline the investor has
decided to employ to keep to that strategy until it's time to sell.
Provided,
the investor is really disciplined. (See
the Earl J. Weinreb NewsHole® comments and @BusinessNewHole tweets.)
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