Interesting, yes, but not surprising to see. Hmm, anyway, here's some annoying ramblings:
For every seller there is a buyer? The "smart money" bought in, and not-"smart money" sold?
For those that find (or want to find),
not-"smart money", offensive, see "smart money" here:
https://www.investopedia.com/terms/s/smart-money.aspThere's likely more new investors/traders in the market than ever before? Many have no idea?
COVID-19? Can't dispose of disposable income easily, superannuation withdrawal, free time?
What's the average person with excess money, free time and a near zero interest rate do?
Social media, hype, FOMO? 3DP isn't going to the moon today, but a stock with a puffy tail is?
Here's some lovely Warren Buffett quotes which I'm sure most of you will have heard before:
- "Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble."
- "Widespread fear is your friend as an investor because it serves up bargain purchases."
- "Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down."
- "It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price."
- "Risk comes from not knowing what you are doing."
- "Never invest in a business you cannot understand."
- "If a business does well, the stock eventually follows."
- "Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years."
- "Calling someone who trades actively in the market an investor is like calling someone who repeatedly engages in one-night stands a romantic."
- "If you aren’t thinking about owning a stock for 10 years, don’t even think about owning it for 10 minutes."
- "Our favorite holding period is forever."
- "Why not invest your assets in the companies you really like? As Mae West said, ‘Too much of a good thing can be wonderful.'"
- "The stock market is designed to transfer money from the active to the patient."
- "Time is the friend of the wonderful business, the enemy of the mediocre."
- "Buy a stock the way you would buy a house. Understand and like it such that you’d be content to own it in the absence of any market."
- "Diversification is protection against ignorance. It makes little sense if you know what you are doing."
- "Wide diversification is only required when investors do not understand what they are doing."
