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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (14995)	7/29/2002 8:44:26 AM
From: sea_urchin	Respond to of 82374

ild >What has to happen for you to start liking them? One's stocks are not one's children. If stocks bring rewards, they may be thought of as one's friends but frequently, if one thinks one's stocks are one's friends, one doesn't need enemies, because one loses money and has a lot of worry. And, ultimately, even if one's stocks treat one well and one makes a good profit, then one must sell them --- that's hardly a way to treat something one likes, especially a friend. Most so-called experts on investment say one must have no emotional relationship with the stocks one buys. That's not to say stockmarket investment is a purely rational exercise, without emotion or intuition, because it isn't. In fact, accountants are frequently the worst investors. Many people who have done extremely well have done so simply by their "feel" for the market and, especially the most important consideration of all, "timing". It is because the market challenges every intellectual and emotional attribute that we have, that I am so fond of it. Like the weather, it changes every day. It will humble anyone who thinks he can master it and that is why it is best not to have a big ego when one sits down to play because, when one stands up, one will have a small one.