Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Rational Analyst -- Ignore unavailable to you. Want to Upgrade?

To: Bob Rudd who wrote (1670)	9/10/1999 1:13:00 AM
From: HeyRainier	Read Replies (1) \| Respond to of 1720

I just wanted to pass on a good quote made by Jim Rogers Jr. many years ago in an interview with Jack Schwager: It sounds like you have a great deal of conviction when you put on a trade. "...Yes, I usually do; otherwise, I don't bother doing it. One of the best rules anybody can learn about investing is to do nothing, absolutely nothing, unless there is something to do. Most people--not that I'm better than most people--always have to be playing; they always have to be doing something. They make a big play and say, "Boy, am I smart, I just tripled my money." Then they rush out and have to do something else with that money. They can't just sit there and wait for something new to develop...." This particular passage caught my fancy today because it essentially characterized my activity in today's market: I did absolutely nothing; I just yawned at the screen. There were no plays I was monitoring that fit my criteria for entry--I was either too late or the entry would have been premature, so I just sat on my hands. In times like this, take Jim Rogers' advice: do nothing, until something happens that justifies action being taken. RT