Facts of Trading
Stock Analysis a la Rule #1 Investing
Videos about Technical Trading
Some things I've learned about investing from other people.
- Don't buy stocks to fund a purchase
- Buy low sell high, in the long term
- Buy high and sell higher, in the short term
- Never argue with the tape
- Arguing with the tape means you've started to hope/fear
- You cannot force the market into giving you what it doesn't have to give
- Follow the path of least resistence
- Cut your losses, let your winners run
- Sitting often makes the most money
- Being a man is not compatible with being a trader
- Stock tips
- Immoderate partaking in hope
- Many consider a tip to be purer if it came from far, far away
- Buy after the bottom, and sell before the top
Examples of Moats
- patents, laws, brands
- switching costs, network effects
- cost/size advantage