A very very good read from Next Insight.
An article contributed from Chris Tan, CEO of Providend.
Teaches you a short history about the stock market. Professional managers may not be always right. Lastly, ignore the noise.
Short quotes from Chris Tan:
"Greed will keep us buying even though prices are at a ridiculous high and will prompt us to sell in panic when we realize how ridiculous we have been."
"Investment professionals always say: 'This time is different'. I disagree. I say there is nothing new under the sun."
"The Internet bubble has clearly shown that professionals are not always right. In fact, they could many times be wrong. How could fund managers, investment advisers, wealth managers, so called experts not know that those Internet stocks were selling at a ridiculous price?"
Click on this link to read.
Sunday, July 20, 2008
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