Monday, June 21, 2004

efficient market leads to losses?

I've found from my own experience that if I am either overly confident about my stock pick or say to myself "The market cant be wrong about this stock price" I tend to get a mediocre or terrible results.

It seems that my gut instinct is more often than not right - when I rationalize in my head...well...that's when trouble happens.

On the other hand, BCO and CXW were not in this category for me...so I'm not sure this holds true constantly.

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