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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (85473)	8/15/2007 3:22:04 PM
From: Elroy Jetson	Respond to of 306849

I really liked the guest psychiatrist on the PBS "Nightly Business Report" last night. He told viewers that the key to making money in a market like we're experiencing was to limit their knowledge of how their portfolio was doing. Don't look at stock quotes, don't watch business shows, and limit their reading of material on the economy and business. That's apparently the key to successful investing. The PBS psychiatrist indicated that taking in too much business news or information about your portfolio would trigger your "primitive flight response" that would cause you to sell, which is apparently the cause of poor investment returns. Of course there's other views, like Warren Buffett's two investing rules: #1.) Don't lose money; #2.) When in doubt, refer to Rule #1. .