Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Roger A. Babb who wrote (7852)	4/25/1998 10:15:00 PM
From: Market Tracker	Read Replies (1) of 18691

Roger, IMO successful investing (long or short) requires certain intangible traits, and among the most important is attitude. A healthy investing attitude will permit the investor to overcome some of the emotional factors prevalent in all investing. The attitude one possesses allows them to not lose sight of their original goals and objectives. In the book "The Money Game" published in 1975 (Random House), the author Adam Smith (a pseudonym) states: "...that the identity of the investor and that of the investing action, must remain cooly separate. ..the most important thing to remember is simplistic: the stock doesn't know you own it. You can be in love if you want to, but that piece of paper doesn't love you back, and unreciprocated love can turn into masochism, narcissism, or, even worse, market losses and unreciprocated hate." Your ability to accept some paper losses cheerfully and patiently, gives you an additional investing tool many should be jealous of. MT

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