Warren Buffett said the best advice he ever got from Graham was to think independently.
Just as you ignore Mr. Market's daily communications (unless, of course, he gives you an interesting quote), you should also derive no comfort in either standing with or against the crowd.
As Graham wrote, "You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right."
If you have reached a rational conclusion about a stock based on sound judgement, you should act even though others around you may hesitate or differ.
It is hard for newbie/green horn to do so because one thing is lacking - confidence.
ReplyDeleteIt takes years of success to prove/fortify that their theory and opinion is correct.
Just sharing with newbie.
ReplyDeleteLearn from your past and future experiences.
Your emotions are little different from mine or others. The only difference is some have traveled the journey before and thus have some experience to guide them.
Regards.
Thank you for sharing generously.
ReplyDeleteRegards.