STTrading weekend thread 16th and 17th March 2024, page-9

Hi Kangagirl
Regarding risk...
I read a number of biographies of big name investors... the common denominators are... they take big risks, go hard when they think they are correct and basically got where they are on the back of one big win.
They occasionally give interviews and offer market commentary... their analysis is seldom better than anyone else. In fact they get it just as wrong as the rest of us.
Where I have lost out the most is when I chickened out... had the chance to buy PLS at 14 cents in the middle of the 2020 covid crash and was afraid to pull the trigger... held a big parcel of DEG and sold at 5 cents.
I have also gone down with the ship more than once.
The lesson I have learned is it not the project you are investing in... it's the management. Currently only holding 2 stocks... CAI and IPT... holding life changing positions in each if they do what I expect.