Good Trade ! I remember once when I was driving home from one of my business trips through Northern Arizona, when I saw an elderly Navajo man walking on the side of the road. As the trip was a long and quiet one, I stopped the car and asked the Navajo man if he'd would like a ride. With a word or two of thanks, he got in the car. After resuming the journey and a bit of small talk, the Navajo man noticed a brown bag on the seat next to me. "What's in the bag?" asked the old man. I looked down at the brown bag and said, "It's a bottle of wine. Got it for my wife." The Navajo man was silent for a moment, and then speaking with the quiet wisdom of an elder said, "Good trade."
How do you find a good small-cap fund manager? Find a good large-cap fund manager, and wait. A market analyst is an expert who will know tomorrow why the things he predicted yesterday didn't happen today! Momentum Investing: The fine art of buying high and selling low. Value Investing: The art of buying low and selling lower Q: Why did God create stock analysts ? A: In order to make weather forecasters look good. There are primarily 3 different types of investors who post on the message boards. 1. Those who don't know anything: approx. 10% 2. Those who know a little: approx. 10% 3. Those who don't realize they don't know anything: approx. 80%
"I put on my pants like everyone else. Running around screaming as my wife chases me down." - Conan O'Brien