Bre-X, what a memory. I was working on the MSE Floor when that happened. The electronic system crashed because they were too many trades.
I Held That Long For - ?
- Thread starter Nobert
- Start date
Sure, a 401k my employer had been contributing to which I ignored all thru the bullish blast of 2020. Tripled my money, but I would have cut it short very early if I had paid any attention to it.
Also, a low end house I bought at the bottom of the market and recently sold for 4x the price.
Investing works, and for most people it makes the most sense.
He was lucky he held Dunkin Donuts. People who held Sears, Lehman Brothers, Bears & Sterns, Enron also said the same thing.
Lynch would have never bought Enron in the first place. They were literally the only financial-services institution that could not release a balance-sheet or cash-flow statement with their earnings.
Warning! Warning Will Robbinson!
Lynch was a value-based investor, this would have totally gone against his fundamentals.
As a side-note, Chanos came in heavily on shorts after taking notice, which must have paid off very well. For a while, Wall Street thought he must be 'retarded' for going against its big darling at the time...
Warning! Warning Will Robbinson!
Lynch was a value-based investor, this would have totally gone against his fundamentals.
As a side-note, Chanos came in heavily on shorts after taking notice, which must have paid off very well. For a while, Wall Street thought he must be 'retarded' for going against its big darling at the time...
Nope, he's an investor. Retired early now.
It's one thing to hold on to a loosing position, with fools hope to break even, but it takes self - restraint, a different kind of skill/character, to keep on with that winning position.
Just thinking in words.