Club Mulgoa

Wednesday, March 09, 2016

Short term idiots...

Yesterday, the price of oil fell.  So in one of my portfolio, the fall was quite spectacular.  Today, the price of oil went up by more than 4%.  That means, that portfolio should rise.

It is quite incredible that the share price of oil companies can fluctuate that much.  There are idiots buying on daily basis based on daily fluctuation in oil price.  However, they are not the real idiots.  The real idiots are those who pay these idiots lots of money to look after their money!

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