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22-02-2018, 01:14 PM
(This post was last modified: 22-02-2018, 01:16 PM by specuvestor.)
Munger calls this Hubris. This is what I mean when I say over the years I have learnt and disciplined myself not to participate in things that I don't understand or make no sense, even if the siren tempts me with 10 bagger or what
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Gartman said he broke his Rule No. 1 of investing via his newsletter: never buy a stock that’s in decline.
“More importantly we are smarting from having broken our own primary rule of trading to never, ever add to a losing position,” Gartman said Wednesday.
The investment in crypto-related assets is odd for Gartman, an investment traditionalists who tends to espouse the benefits of owning tangible assets. Although he has said blockchain, the distributed-ledger technology that underpins most digital assets, has merit, he has been mostly skeptical of the virtualcurrency sector, which he suggested was benefiting from speculative hype.
In December, Gartman described bitcoin as a “classic bubble,” in a CNBC interview, saying it had gone beyond the “absurdity” of Holland’s tulip bulb mania in the 17th century.
https://www.marketwatch.com/story/one-pr...2018-02-21
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Gartman said he broke his Rule No. 1 of investing via his newsletter: never buy a stock that’s in decline.
“More importantly we are smarting from having broken our own primary rule of trading to never, ever add to a losing position,” Gartman said Wednesday.
The investment in crypto-related assets is odd for Gartman, an investment traditionalists who tends to espouse the benefits of owning tangible assets. Although he has said blockchain, the distributed-ledger technology that underpins most digital assets, has merit, he has been mostly skeptical of the virtualcurrency sector, which he suggested was benefiting from speculative hype.
In December, Gartman described bitcoin as a “classic bubble,” in a CNBC interview, saying it had gone beyond the “absurdity” of Holland’s tulip bulb mania in the 17th century.
https://www.marketwatch.com/story/one-pr...2018-02-21
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward
Think Asset-Business-Structure (ABS)
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