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Pastimes : James Cramer Skeptic Thread -- Ignore unavailable to you. Want to Upgrade?

To: Mama Bear who wrote (877)	10/21/1998 2:44:00 AM
From: Michael Elizabeth Chastain	Respond to of 1254

Fear of selling at the bottom has cost me a lot more money than actually doing it. Hmmm, me too. Peter Lynch wrote in _One Up On Wall Street_ that a good investor has to be able to ignore their emotions. Well, ok, I'm cool with that, when reason and emotion conflict, go with reason. I have done reasonable things that have made my emotions panic. The problem is, reason doesn't make someone get up in the morning, leave their wife and kids sleeping, and read hundreds of pages of newspapers, magazines, web sites before dawn. Reason doesn't make anyone found a company. Reason doesn't make someone write and write and write and write, pouring out tons of experience and wisdom. Reason doesn't make it all worthwhile. Emotions do that. Emotions provide the drive. So if someone is emotional enough to want to run their own money in the first place, rather than just buy a mutual fund or an index fund, they are going to be emotional enough to feel the fear and greed, and even emotional enough to succumb to them occasionally. I am very thankful the major American markets are open only 32.5 hours per week.