It's odd that one feels better with a paper gain than with a paper loss.
Particularly, when the underlying companies have similar performance, and potential prospects.
No wonder Buffett once said at an interview with the FCIC "... price action alone starts dominating people's minds."
Those words stuck with me, and now I see the gravity of the statement.
The potential of a value trap, the gnawing feeling of envy, and the doubt about an investment decision, all, after a period of time, are influenced by an asset price.
It is then that one has to sit back and question whether the mistake is in one's decision or in the markets'.
Mr. Market is there only to guide you, not to influence you.
I read this, and I spoke about this, but it is only in the face of exuberance that one questions one's judgements.
Particularly, when the underlying companies have similar performance, and potential prospects.
No wonder Buffett once said at an interview with the FCIC "... price action alone starts dominating people's minds."
Those words stuck with me, and now I see the gravity of the statement.
The potential of a value trap, the gnawing feeling of envy, and the doubt about an investment decision, all, after a period of time, are influenced by an asset price.
It is then that one has to sit back and question whether the mistake is in one's decision or in the markets'.
Mr. Market is there only to guide you, not to influence you.
I read this, and I spoke about this, but it is only in the face of exuberance that one questions one's judgements.
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