#48: Jim Stack On Charting A Course Through Stock Market Rapids
Superinvestors and the Art of Worldly Wisdom
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The Importance of Time Management
Investors might call themselves passive buy and hold, but history has proven that they're all market timers. They just timed very poorly. The headlines are always the worst at the market bottoms. In bigger bear markets, investors may have lost half of their portfolio in blue chips. And then they see these headlines that the worst is yet to come. People who have larger portfolios and are losing money, they can't afford to lose.
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