STO 1.49% $6.82 santos limited

I have argued this point with you before, perhaps you would...

  1. 2,211 Posts.
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    I have argued this point with you before, perhaps you would listen to an old quote from Keynes instead.
    On the subject of inside information he said: “the dealers on Wall Street could make huge fortunes if only they had no inside information”.
    https://www.maynardkeynes.org/keynes-the-investor.html
    You didn't need information, or charts to pick the bottom or time the oil market or even understand balance sheets.
    If like me you just bought in over the last two years and averaged down before and after each raising the returns are more than satisfactory.
    With hindsight the second raising provided the greatest opportunity. There were good reasons to think this would be the case.
    Better to focus on the finances, the business, the industry and ignore insider information and fluctuations.
    It goes on but if you are playing the game correctly it won't effect you too much.
    Last edited by croasian: 30/12/17
 
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