I agree with Chris about needing people on the other side of the trade to have it work out.
Henry Ford once said,”If I have two guys that work for me and they always agree with eachother…I dont need one of them.”
Beware of group-think. I think it’s great that we have opposing view points here. It makes us all sharpen our logic towards our thesis. And if appropriate, change our thesis. This has made me very good money over the years. When it comes to investing, leave your ego at the door. Cut your losses at no more than 10% off your buy and let your winners ride as long as the cycle indicates it’s safe. Your opinion does not matter, the market will tell you what’s right. Listen to it and you’ll make money.
