"I am attracted to ugly ducklings because I view myself as one. ... I gravitate toward investments that remind me of important aspects of my self-image, and can sometimes see something special in them before it is clear to the stock market."
"watering the flowers and cutting the weeds" vs “cut your losers and let your winners run”
"They are both tapping into the same fundamental feature of the universe – inertia, momentum, Newton’s First Law"
"They are both tapping into the same fundamental feature of the universe – inertia, momentum, Newton’s First Law"
"with winners/losers, the buck stops with price. vs flowers/weeds with operating results.
The difference comes when your assessment of results differs from the stock price. Then you sell the weed that is still a “winner” and buy the flower whose stock price is dropping."
The difference comes when your assessment of results differs from the stock price. Then you sell the weed that is still a “winner” and buy the flower whose stock price is dropping."
"While I aim to be loyal to the people in my life, loyalty in the stock market is conditional upon continued success. It is an environment of “what have you done for me lately?” So no matter how optimistic I am, I resist watering a weed"
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