ASQ 0.00% 2.7¢ australian silica quartz group ltd

buffett,"Whilst I like bauxite I still have the jury out on...

  1. 144 Posts.
    buffett,

    "Whilst I like bauxite I still have the jury out on BAU"

    Bear in mind that when the jury does come in, it will be the time to sell BAU.

    Real opportunities can only exist when the jury is out. That is why trading blue chips is like watching paint dry, and we're unlikely to find even a 0.50 bagger among blue chips.

    There is nothing wrong with having a cautious approach provided our minds are not closed to the point where we are not able to buy in. For example, after five years of watching FMG rise, there are many losers still running around saying that FMG is overpriced. The same is happening now with MAK.

    Being uncertain about a stock is fine, just so long as we don't stay uncertain too long.

    Cheers

    ST
 
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