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Portfolio Management - The Discipline of Identifying Great Stocks
The idea should be the discipline of identifying great stocks is one thing, but the discipline of participating on a consistent basis is much more difficult. Wyou doing asipe the mutual fon pick stocks. It's enevys going up. Why do you think that will be ok? But you still have to buy all the stocks at a low price. Will you put your money back in? Answer, many times, no.