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Investing Made Simple by Uncle8888 (18)
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 ......