The best investors are on a constant learning journey
The best investors are on a constant learning journey.
Buffett started buying "cigar butt" stocks and evolved to a buy-and-hold strategy.
Bill Gurley has made a fortune on internet companies and the internet didn't even exist when he started.
Learn, implement, repeat.
And the best trade is not to trade at all. Compounding takes time...and patience.
Sentiment is correlated with a stock's price. If you want to beat the market, buy great companies when the sentiment around them is bad.
"Volatility is the price of admission. The prize inside is superior long-term returns."
- Morgan Housel
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Great perspective, and something I follow and emulate, as a pattern trader there are always nuances that can be picked up through each cycle that contribute to you making better and informed trades in price action regardless of direction. I don't believe in the bull - bear narrative, which is designed to trap emotional traders in either direction, and I have eliminated it from my trading narrative and education to others