Patsies lose money in stock investment.
Market timers and others with the inability to assess the underlying value of businesses should not even participate in the art of stock selection and investment.
Those so afflicted are like the patsy in poker, the person unaware that his funds will shortly be held by someone else.
Poker and stock-picking are tricky enterprises, not for the overconfident.
Also read: 10 TENETS OF VALUE INVESTING
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