CYB Oversold, page-6

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Deesof26

256 Posts.

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01/06/18

15:26

Post #: 33437275
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Originally posted by madamswer ↑

Thanks, @Fidosnos

I guess that's one of the many major differences between a high-profile visionary investor like Mr Soros, and little old me:

Mr Soros is able to predict when major stock market crises will erupt; I have no such skill.

So, unlike Mr Soros who, presumably, can time his entry and exit into markets as the whim takes him, I simply have to rely on buying good-quality, well-managed businesses and ride them through whatever market ructions transpire.

PS. As the years go by, it does increasingly occur to me, however, that had I acted every time I saw Mr Soros - and many other luminaries like him - being quoted in somewhat dramatic fashion about what financial market calamity is about to befall us, my personal wealth would be somewhat diminished, because the amount of crises that I have seen foretold which never came to pass would - if you lined them up end-to-end - would almost reach the moon, I reckon.

But I shouldn't be so facetious: maybe this time Mr Soros does, in fact, finally turn out to be right.

But much precedent has taught me that I sure as heck can't invest on that basis, because more often than not the shares that I sold today, I would end up having to buy back at materially higher prices in the future.

.

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Just so this is in perspective the fund that is short under the Soros umbrella is only a $250mln long/short fund and the reasons for being short are almost entirely to do with Brexit and the calamity that the Soros group thinks will be fall the UK as a result.. CYB have to decide whether they are going to lob a formal bid for Virgin Money by Monday 4th June. If a deal is done its likely to be very accretive and share price friendly..

CYB Price at posting: $5.02 Sentiment: Buy Disclosure: Held
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CYB Oversold, page-6

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