"No one ever made a dime by panicking." -- from that guy on TV who everyone hates, at least in the financial services industry, so I won't mention him by name. His show is *not* about stock picks - that part is just for fun - but the first 10 minutes, where he says, this is what happened in the market today, this is what the hedge funds and the big guys are doing, this is why they're doing these crazy things, and reminds us that no one ever made a dime by panicking! Hate him if you must, but he saved my bacon during the 2007 crash, just by talking me down off the ledge every day, and preventing me from selling everything because I couldn't take the pain, which would have locked in my losses. Instead, I did pretty much nothing, and ended up recovering with the market! I used to love Jonathan's "Getting Going" column, by the way! :)
Comments
"No one ever made a dime by panicking." -- from that guy on TV who everyone hates, at least in the financial services industry, so I won't mention him by name. His show is *not* about stock picks - that part is just for fun - but the first 10 minutes, where he says, this is what happened in the market today, this is what the hedge funds and the big guys are doing, this is why they're doing these crazy things, and reminds us that no one ever made a dime by panicking! Hate him if you must, but he saved my bacon during the 2007 crash, just by talking me down off the ledge every day, and preventing me from selling everything because I couldn't take the pain, which would have locked in my losses. Instead, I did pretty much nothing, and ended up recovering with the market! I used to love Jonathan's "Getting Going" column, by the way! :)
Post: What’s your favorite financial quote?
Link to comment from July 14, 2024