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Strategies & Market Trends : Value Investing

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To: Allen Furlan who wrote (11072)12/2/2000 9:12:24 AM
From: Kathleen capps  Read Replies (1) of 78525
 
"...how much lower can stock go? I will add 1000 share blocks (big spender) weekly for next 6 or 7 weeks."

Alan,

I want to commend you for your tremendous patience and ability to take the 'long view'. At the time you wrote this message, I though "how foolish, he's going to miss the big upswing...why not just buy the whole position now and not risk losing out?".

I have this tendency to jump in too soon, and then get impatient waiting for the market to realize the value (or do something, anything - react in some way.) I have the hardest time just being patient and waiting the weeks or months for things to work out.

When they don't go my way, right away, I tend to get out and jump into the next "best idea".

Thank you for the valuable lesson in "the long view".

Thanks also to Paul Senior for sharing similar examples too numerous to count. I'm always knocked out by the disepline demonstrated in statements like "...in a couple of years..." or "...opened a small position and am accumulating..."

Thanks for a great thread.
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