Herd mentality

I could have told all the idiotic buyers of CSG stocks today what fools they are. Just because a company with deep pocket is buying BOW, suddenly these investors can see that those stocks are undervalued. Tomorrow or rather next week, their memories have faded and they will start to sell the sector. Such typical brainless activity... using mostly other people's money to play with and getting paid handsomely.

I am concentrating on gold producers mostly. Why? Simple arithmetic. Just SIMPLE arithmetic.

With 2 years of schooling, my father was investing in a company that pays better dividend than interest from the bank. He could not see the logic of putting his cash as a deposit. Market was down at that time and everyone was dumping except this hardly 'literate' old man. And everyone in the family was asking him to refrain from investing in the stock market but he had his own reasoning. Today his wealth could look after a few of his descendants superannuation. Like me, he likes simple arithmetic.