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30/09/08
12:46
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Rhyceshaw is perfectly right.
If investors did what every book says to do, that is to buy low and sell high nobody would lose money.
It's human nature unfortunately that most of us only scramble to buy when the price is high and flying and we rush to sell the minute it falls.
That's called herd mentality. It certainly ain't buying low and selling high.
Warren Buffett not only writes books on this topic but actually acts on the advice therein. Wonder how he's going financially?
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