4min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP556: 100 to 1 in the Stock Market by Thomas Phelps

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

How to Buy Right and Hold on to Stocks

There are two other lessons he shared related to buying right and holding on. Phelps says who is talking often means more than what is said. He writes there's another reason why professional investors should de-emphasize market timing. Even if the market forecaster is right he seldom can persuade others to act on his opinion. Most investors are far less emotionally involved in deciding whether the market is going up or down.

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