No point convincing - I've seen this happen many times, from the 97 crisis, to the 2000 bubble and the mother of them all in 08-09.
For example, in 09, I explained to some that the big four banks were too cheap - none bought. Or Telstra. Or Asciano. Or Citibank even.
Nope - pessimits will remain pessimists, and that is fine. Just keep compounding through business cycles from irrationality and herd mentality - many academic studies have proven this to be true - just google value investing research etc.
Or just understand what Warren Buffet does.
My style of investing, please do your own research.
- Forums
- ASX - By Stock
- BLY
- what a golden opporunity to buy
what a golden opporunity to buy, page-59
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)