Singapore Post

[Temperament]

In my personal experience, I've come to realise that buying at bottom and selling at top is what I call "cocktail talk". Interesting chit chat topic to impress but usually serves little purpose to overall portfolio or net worth. Usually I would just smile when I hear these kind of cocktail talk but if we want to be mean, the next question would be: "So how much % does it add to your net worth?"

Classic example is Oei made $7m in AIG shares buying near bottom and trumpeted the donation, whilst lost $1b in FX. $7m is huge in absolute amount but small to his net worth.

I always believe it's the big Fishes (Sharks) that moves the market to either extreme. And the small fishes are herded as sacrificial morsels. That's my strong conviction for years. Correction! Since day 1. of my investment.

Let us be Remora then!

Ha! Ha!
i just learn a new word.
You are right. We have to learn from Remoras in order to swim with the sharks. How clever of you to to let me know your plan.
On the other hand i may be one of the Remora who has amnesia due to too many "market-extreme psychology traumas."
Sorry for those who like to see quantitative analysis of stock only. (You read at your own risk. Don't complain please.)
We like to talk-cock (bits & pieces) about the psychology of investing and understanding the market general behaviour.
We can always analyse a stock later (at our own risk) if we want to buy it.
Arikato!

How about doing it this way:

- Know (guess) where the sharks are going
- Stuck to the sharks as they come along
- Let the sharks bring you to where you want to go
- Meanwhile feed on the remains of the sharks' food
- When reach destination, let go
- Wait for the next shark to come

Hmmm... wait a minute, is that investing or speculating?

I think that is called knowing our place and being smart... EVEN when INVESTING.

Your well described picture is indeed very wise and often it takes years to realise it

i am glad someone of your "status" (i respect your postings not because of it's content but the "wisdom" in it and your willingness to share) agrees that being a "Remora" can work. If you are willing to take investing as your lifetime "hobby", then it's not a problem. In fact, to me if you can take out the time factor in your investing or (anything), you can always choose when; when to buy or sell. Meanwhile your cash now may be "rotting" in the bank or somewhere. But you will always have a standby capital ready to pounce on anything.