Thank you Paul, your social skills are obviously better than your investment skills (this also is not meant as a compliment).
You seem to come from the Buffet school of investing, buy a stock and hold forever. However, even Buffet has said that sometimes a good company can become over-priced. As a matter of fact, he said that very thing this summer and felt his own investments were over-valued. I would like to have you read this quote from Benjamin Graham, one of Warren Buffett's mentors:
"So they (investors) buy it, and in doing so they will bid up the price and hence the price to earnings ratio with the promised return, the price lifts free from underlying value and floats freely upward, creating a bubble that expands beautifully until it must burst."
He is referring here to stocks that became darlings to investors. But what the heck it's your money and this is a free country after all.
BTW Thanksgiving is exactly that, a time to give thanks to our Creator for simple things like health, food, shelter , a good family, etc. Also for profits from the stock market. This belief in giving thanks to the Creator is what makes America a great country! All the best. |
