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- Last Update: 17 January 2020, 2:21
Buy low. It sounds simple but it%27s hard to execute... Help people. When people are desperately trying to sell, help them and buy.
When people are enthusiastically trying to buy, help them and sell. It%27s PHILANTROPY... Sir John Templeton
The majority of any market%27s rise or fall comes often in very short bursts of price. You can%27t predict those bursts of up and down price action consistently, but you can respond to them. If you buy weakness and sell strength and slowly but surely build a core position.
That is an absolutely critical part of wealth building, accumulating a core position, so it is paid for by your market opponents, not by you. Don%27t expect to get that bill paid for in a couple of weeks. Anything worthwhile takes real time...
At market tops, shares move from strong hands into weak hands. At market bottoms, the opposite: from weak hands into strong hands.
The value doesn%27t disappear, it is transfered to those who deserve it...
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