smi2006 wrote an interesting post today on
Here’s a quick excerpt
A short run of bad luck can realy wreck havok on your portfolio. I knew I was having a run of bad luck when while playing No-limit Texas Hold’em poker. I keep having my full house beaten by a four-of-a-kind, flopping a nuts straight only to be beaten by a full house by the turn, having pocket aces lost to pocket 8s in preflop all-in showdowns.
Similarly, my portfolio suffered. My core holding - Suntech Power (STP) - reportedly announced capacity expansion by about 30% (due to explosive demand for solar panels) but the stock dropped due to weakening margin concerns. WHAT is with these investing wall street types?? So what if I earn only 10ct per item sold instead of 12ct when I can sell twice as many items??? I still make more money right??? Don’t tell me they recommend selling less to earn more per item?! No, what they want is to sell more […]
Read the rest of this great post here