And more interesting after reading your post again,
Who is the moron?
The one who acts to protect his capital, or the one who just takes an ostrich approach and sticks his head in the sand.
If one losses 50% of ones capital in a position (and more importantly intrinsic value falls during this time), then one needs a 100% return on that position just to break even.
Capital management and preservation is an essential part of long term wealth creation in the stock market.
MFG Price at posting:
$15.48 Sentiment: None Disclosure: Not Held
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