Who Are You?

A few of my many takeaways from reading the great book "The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition)":

  • I am a defensive investor. A defensive investor attempts to minimize losses by buying quality, bargain stocks when they are on sale.
  • I don't get irrationally exuberant or overly pessimistic about the market.
  • I cannot accurately "time the market" or predict the future. But I can study to try and determine when quality, bargain stocks are on sale.
The years 2002, 2007, and 2020 had super Low Tides and, if you had bought stocks during these super Low Tides you would have achieved MUCH higher returns than at any other time in the last 20 years. The future is impossible to predict but you want to be positioned to take advantage of the next inevitable Low Tide. There are usually 6 to 7 mini Low Tides each year and I'd rather buy during Low Tides than High Tides.

Knowing who you are will help you develop investment strategies that fit you.

Fair winds and following seas and buy low and sell high!

Trading Tide Levels (at the time  of the post):

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This is for informational purposes only and the information provided does not encompass all possible or probable outcomes. Nothing posted here is an indication of future results or is a guarantee or promise of future investment returns. Investing in stocks or bonds carries risks including losing your entire investment. Nothing is recommended, advocated, or endorsed including any third-party links, resources, or advertisements of any kind. Any investment decisions are recommended to be in conjunction with a Certified Financial Planner with a comprehensive and personal financial plan and all other components that make up your own financial situation.

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