Bet big in times of crisis: GCP Global's Gabriel Yap

[Temperament]

After some years of the bull, i observed that OPMIs can generally be classified into 2 breeds in terms of temperament. The first breed are generally more optimistic and easily buy early during rallies and dips. The 2nd breed are generally more sceptical/cautious, they don't buy into rallies but once a rally "has legs", it delivers the proof to those 2nd breeds for them to eventually turn bullish (and usually late).

Sometimes, market participants also need to classify into whether 1st or 2nd breed. And then, have to ownself ask ownself "which breed am i actually?"

opmi: That is indeed a very good reminder. Pride does come before downfall. Thanks.

weijian: I'm a penny pincher who dislikes buying at higher prices. For 2016, my new investments only make up 10% of my total portfolio value. For 2017, I bought nothing to date. I'm still looking to buy but everything looks expensive to me. Two years ago, I wanted to buy Fischer Tech at $0.55 and was not willing to pay more as a form of MOS as I lack of understanding of their business. I never chased and just decided to turn my attention elsewhere (not without cursing, though).

1st breed is buy all the way down in a Bear Market until chickened out.

@nd breed will buy only when the Bear Market starting to consolidate.

i.e. very little action left in the market (almost bottom)?

It means  buy all the way up and wait.

Which breed will do better?