by Pater Tenebrarum
Buy Low, Sell High?
It is an old truism and everybody has surely heard it more than once. If you want to make money in the stock market, you’re supposed to buy low and sell high. Simple, right?
[…] As Bill Bonner once related, this is how a stock market advisor in Germany explained the process to him:
Thirty years ago, at an investment conference, there was a scalawag analyst from Germany. He showed a chart where a stock had gone up steadily for 10 years. He pointed to the bottom, left side, and in a thick accent explained his system: