Club Mulgoa

Monday, August 15, 2011

Hindsight

A few articles have now appeared in the press and cyberspace about those who were "brave" or bold enough to plunge into the market during the recent rout.

Brave? Bold? The brave and bold are usually stupid investors. What you want to be is a "calculative investor". You don't gamble with your hard earned money. I use simple arithmetic to make my decision. There is obviously no reason for the massive selldown other than panicking fund managers who are gambling with not their own hard-earned money but other people's money.

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