NEA 0.00% $2.10 nearmap ltd

Always surprises me how bad some people's sentiment can be about...

  1. 12 Posts.
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    Always surprises me how bad some people's sentiment can be about a stock when it has performed well in reporting but Mr Market is all around pessimistic and the whole sector along with half the market is being pushed down by negative / risk-off sentiment. Then they conclude the individual stock they hold is a dog, and uniquely so, because the price direction tells them so.

    This is the reason why most people's stock returns, if they tracked it properly, is only about 2.9% while basic index funds smash that (e.g. see clip below) - most people chop and change with short term price action driving their emotions. Most companies only tell us something useful 2-4 times a year when they report. Many people seem to think daily price action is just as meaningful.

    If your main indicator on company performance is share price movement, better to avoid individual stock selection.
 
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