18-12-2014, 09:50 AM
(18-12-2014, 08:08 AM)jjlim84 Wrote: market sentiment is a powerful thing, and they say there is no such thing called long term investment or value investing, you just need to know when to buy at the lowest point and sell at the high..
On hindsight, it seems right. The fact is most, if not all, aren't able to do so, over long term. The end result is mostly buy high, sell low. It is partly due to skill, and mostly due to emotional factors e.g. fear and greed.
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡