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Everyone is panic selling, so of course the logical action is to buy. A great many companies watch their stock crash... and then become worthless and cease tra
by EliRivers 9y ago
Everyone is panic selling, so of course the logical action is to buy.
A great many companies watch their stock crash... and then become worthless and cease trading. Buying those crashes was not a good move.
This is the only correct time to do a long-term bet.
A great many companies that didn't experience a crash in their stock nonetheless were great long-term bets, and some investors made their fortunes this way.
- sillysaurus3 9y agoIt didn't even take 10 hours for me to be proven right. BTC has jumped over $14,000 again. We'll see if it will continue, but it most likely will.
- EliRivers 9y agohttp://m.nautil.us/issue/55/trust/the-resulting-fallacy-is-ruining-your-decisions http://m.nautil.us/issue/55/trust/the-resulting-fallacy-is-r...