Saturday, August 27, 2011

Increased Uncertainty Requires Increased Discipline

It's also worth remembering that in an economic environment of increased uncertainty, I must have increased discipline with investment purchases. My target is to buy fifty cent dollars and scale up if they fall to thirty cent dollars.

After all, it's more painful to reach for a a sixty cent dollar that falls to thirty cents, then it is to miss on the opportunity that a sixty cent dollar goes up 80%.

Or as WEB would say, it's better to make a mistake of omission than commission


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