The path to disaster
Dagens visdomsord från William William Eckhardt.
People want to buy cheap and sell dear; this by itself makes them countertrend. But the notion of cheapness or dearness must be anchored to something. People tend to view the prices they’re used to as normal and prices removed from these levels as aberrant. This perpective leads people to trade counter to an emerging trend on the assumption that prices will eventually return to “normal”. Therein lies the path to disaster.
William Eckhardt
Fler visdomsord finner du här!
Tidigare artiklar på Börstjänaren:
2024-12-14 | The meaning of the market |
2024-12-12 | Surf bums |
2024-12-11 | HÃ¥ll i vinnarna! |
2024-12-10 | Lipschutz om tålamod |
2024-12-07 | The path to disaster |
2024-12-05 | Information |
2024-12-03 | Den största missuppfattningen |
2024-11-30 | HÃ¥rt arbete |
2024-11-29 | Erfarenhet |
2024-11-27 | Long-term returns |
2024-11-20 | Lappkast |
2024-11-20 | Följ marknaden, inte egot |
2024-11-19 | Zero-sum game |
2024-11-16 | Värdefulla tillgångar |
2024-11-14 | On a large scale |
2024-11-13 | Impulser brukar vara fel |
2024-11-12 | Risker, belöningar och pengar |
2024-11-09 | The public |
2024-11-08 | Golden touch |
2024-11-07 | Jim Rogers om politiker |