Thursday, June 29, 2006

29th June 06 - The Art of Doing Nothing

Everytime I re-read my Market Wizards book, I got something new out of it. Here an excerpt which is especially meaningful to me this time round:

"One of the best rules anybody can learn about investing is to do nothing, absolutely nothing, unless there is something to do. Most people always have to be playing; they always have to be doing something. They make a big play and say, "Boy, am I smart, I just tripled my money." Then they rush out and have to do something else with that money. They can't just sit there and wait for something new to develop" (from Jack Schwager's interview with Jim Rogers)

So well said, isn't it?

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