In Uncle8888 series (16) – How to invest and make big money in the stock market?
The key learning point is “Men who can both be right and sit tight are uncommon.”
Uncle8888 also mentioned “Buy and Hold is Dead“.
- Men who can both be right and sit tight are uncommon.
- Buy and Hold is Dead.
Two questions arise from the above two statements.
- Does these two statements contradict each other?
- Is statement No 1 useless advice? (Brolp said: it’s useless advice actually – when right sit tight. It’s almost like saying when it’s raining, bring an umbrella.)
The answers are:
- The two statements do not contradict each other.
- It is useful advice.
How does Uncle8888 know that when he is right and sit tight?
There are two conditions. Both conditions must be met before he …