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To: Gib Bogle who wrote (29484)8/20/2025 9:27:24 PM
From: sixty2nds1 Recommendation

Recommended By
jazzlover2

  Respond to of 30193
 
There is a reason the rear view mirror is a whole lot smaller than the windshield.

Winning only teaches arrogance.

I've had 2 near death experiences with what I call the Trading Portfolio.

I've rebuilt both times.

Lets just say 3 things...

I'm not buying the Mag 7 after playing the 4 Horsemen in August 2000.

I'm never going ALL IN.

I'll accept pure risk with Position Size.
No Leverage.

Cheers
60



To: Gib Bogle who wrote (29484)8/20/2025 11:45:17 PM
From: jazzlover21 Recommendation

Recommended By
sixty2nds

  Read Replies (2) | Respond to of 30193
 
My experience is, if I panic and sell something , I will never jump back in. It's wiped from my memory and I never look back, it's my personality.

Therefore I miss out on a resurgence. An example would be Methanex I sold back in the 90's at probably 3 bucks because it was "under performing" and I never bought it back stupid me. Now it's around 50. Thankfully mistakes like this are few for me.

My largest gains have been with something I own at higher levels and it drops, say 50-90 % and I methodically buy more through the years if I like management, waiting for the cycle to swing back my way. Doesn't matter if it's high tech, nat resources, banking, etc. Everything is a cycle, ebbs and flows. Back then I had time on my side, these days not so much so ymmv.

Some would say I'm a loser for my approach lol maybe they're right. If I was managing others money, that would be correct, but I don't.