Its the only mental way to think. Nothing has changed. Granted things may be uncertain - but are they ever totally certain? Never.
Ben Graham wrote about it and Warren Buffett lives by it - getting scared when others are too, you will never make money in equities. A concept of following the herd.
The stock may drop again tomorrow or the day after that - but they will not drop forever. We should not expect prices at a particular point of time in a day dictate what we should or should not do. What counts, especially for value investors (which appears to be the good folk on this and the CHO thread) is buying a good business at a decent price and forgetting about it.
Time is the friend of the wonderful business, the enemy of the mediocre.
A time tested principle a value investor should never forget, particularly in deep dark moments.
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massively undervalued and ready for bounce, page-4
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Last
$8.77 |
Change
-0.020(0.23%) |
Mkt cap ! $6.815B |
Open | High | Low | Value | Volume |
$8.85 | $8.85 | $8.76 | $1.896M | 215.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 13838 | $8.76 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$8.79 | 3616 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 432 | 7.630 |
4 | 6421 | 7.620 |
10 | 28630 | 7.610 |
55 | 111350 | 7.600 |
5 | 2007 | 7.590 |
Price($) | Vol. | No. |
---|---|---|
7.650 | 16007 | 6 |
7.660 | 2220 | 4 |
7.670 | 3205 | 2 |
7.680 | 37046 | 4 |
7.690 | 2000 | 1 |
Last trade - 13.39pm 07/11/2024 (20 minute delay) ? |
ARG (ASX) Chart |