There are tons of old Wall Street sayings that hold a lot of truth. And the one that stands out in my mind today is “The Market Can Remain Irrational Longer Than You Can Remain Solvent.”
If you’ve been sitting on the sidelines for a while you know exactly what I mean. You should also know that I keep repeating we’re in the Most Hated Bull Market in History.
The vast majority of investors keep preaching how the markets are gonna crash any day now and they’ve been wrong for well over seven years.
Of course, listening to Wall Street Gurus does more to confuse you than anything. Especially when they’re using the bought-and-paid for media presstitutes as their mouthpiece.
Let me further make a point by using another old Wall Street Saying: “The Market Moves in the Direction that Frustrates the Most Investors.”
A combination of the two sayings give you something like: “Fighting the Trend is Frustrating and Causes You to Go Broke.”
Wall Street’s old truisms aren’t rocket science. They’re based on good old-fashioned common sense…and they work like a charm.
So, why do investors make the same mistakes over and over again?
The simple answer is: Common Sense is Not So Common.
However, emotions like fear and greed tend to override the common-sense factor in even the most rational and logical investor. And the best way you can avoid these pitfalls is to remind yourself of the basics.
We have a library of Wall Street Truisms and, what we call, Annoying Acronyms that help you see through the fog of investing.
They’re extremely useful and so simple that you’ll have to have someone help you misunderstand them.
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