05-01-2014, 01:34 PM
Ahhhh....The Paralysis of Analysis.
You can't fight the emotions. Eventually you will be faced with the blue pen or the black pen. Somewhere in here is a story I told of trying to buy KMB. I had a limit order in for 5¢ below a target I had derived via various sources. That day it just missed my price while I was flying and hasn't been close since.
Emotionally I vowed to not let that happen again. Strategically I sleep well at night because I had set rules/limits and right or wrong my rules were followed (how many "I's" in idiot ?)
I zero in on an investment logically yet can't help feel that same emotion when I pull the trigger on that investment as when a trout rises to my fly (yeah, mixed metaphor .....sorry).
Philosophically....Value or Growth? Yes.....(both for me).
You can't fight the emotions. Eventually you will be faced with the blue pen or the black pen. Somewhere in here is a story I told of trying to buy KMB. I had a limit order in for 5¢ below a target I had derived via various sources. That day it just missed my price while I was flying and hasn't been close since.
Emotionally I vowed to not let that happen again. Strategically I sleep well at night because I had set rules/limits and right or wrong my rules were followed (how many "I's" in idiot ?)
I zero in on an investment logically yet can't help feel that same emotion when I pull the trigger on that investment as when a trout rises to my fly (yeah, mixed metaphor .....sorry).
Philosophically....Value or Growth? Yes.....(both for me).
There are people who use up their entire lives making money so they can enjoy the lives they have entirely used up
Frederick Buechner
Frederick Buechner