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Archive of entries posted on 5th May 2021

The biggest investment lesson. Hot is hot. Until one day it no longer is. Substituting enthusiasm for intelligence.

Here are the last 12 months of some famous hot stocks. It’s hard to recognize the peak. Going parabolic has something to do with it. But that’s when you want OUT. When I left Australia back in 1967, my boss said “I’d love the Americans because they were just like me. They substituted enthusiasm for […]