I admit it. I am a lazy blogger. I am a poor writer. Many others do a much better job than me.
So herewith an article reflecting my own sentiments. I could not have said it better than this.
http://contrarianedge.com/2009/06/11/you-are-not-as-smart-as-you-think-you-are/
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2 comments:
Hi Peter, yeah that was a good post. I've been feeling dumb of late as most things I've sold continued to move higher, especially in the telco sector.
On the upside, having a big pile of cash let's me enjoy this cyclical bull. It may be self-deception, but I prefer to be in a position where I don't care which way the market goes. If it goes higher I get to sell more at even better prices, if it goes lower I'm cashed up and ready to pounce (well not quite ready as I'm still reviewing my short list).
I wonder how those long-term fully invested people ever get to buy low?
Best wishes :D
Thanks for dropping by Dean. None of my holdings are at giggle levels yet, but I am looking closely at those that are close to fully valued. Portfolio are still over 50% in cash. Situation is "not optimal" but nothing I can do if the buying aint good.
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