Don’t Catch a Falling Knife
The Irrelevant Investor
MARCH 5, 2020
What do you call a group of stocks that fell 10%, then another 20%, then another 30%, then another 40%, and then got cut in half? Oil services. This group of stocks, think Halliburton, Schlumberger et al., are collectively down 86% from their peak in 2014. If you know absolutely nothing about investing, you know the phrase " buy low sell high." This idea makes sense in theory, but in reality these four words have been responsible for more wealth destruction than any other quote in the investor's
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