Author Topic: Investing like a Mustachian proven to work again  (Read 1397 times)

caracarn

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Investing like a Mustachian proven to work again
« on: March 18, 2016, 05:23:05 AM »
I particularly liked this quote about the stock market of 2016:

"Since the lows we've seen the market rally in stealth mode. Those who panicked got punished."

As much as we try to tell others that they need to avoid reacting to market volatility, it seems we remain in the minority and once in a while amid all that it's fun to see quotes like those above showing that what we preach, panic in market downturns has a consequence, is validated.

Trip

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Re: Investing like a Mustachian proven to work again
« Reply #1 on: March 18, 2016, 01:43:31 PM »
When people panic and tell me to sell, I kindly echo the words of the mentor in Reminiscences of a Stock Operator, "but then i would lose my position". Then I kindly think to myself, "I've heard this 25 times today. Where can I get some more cash to buy some more shares on sale today?"