A friend of mine in the funds management industry recently told me that its not a good time to buy shares now. Comments in the forums were pretty unforgiving to the stock analysts for having no guts to recommend any good and value stocks.
It is no doubt good to be prudent in uncertain times but in the market any situation provides opportunities, depending on how many managed to find and take it up.
Opportunities to buy and and sell or shorting will evaporate as soon as more and more participants start buying the 'opportunity' found. The trick is to be early in the game. And in this sea of red, somehow someone will be making the money.
So I beg to differ with my friend and I think its a good time to scout for good undervalued stocks. David Merkel, drawing on the advise by Ken Fisher, summarised and simplified my thoughts into the following line:
"If something true is relied upon by many investors, it is not valuable for smart investors. If something false is relied upon by many investors, it is valuable for smart investors to bet against that.”
Well I think the above could be simplified further using the universal proverb:
It is no doubt good to be prudent in uncertain times but in the market any situation provides opportunities, depending on how many managed to find and take it up.
Opportunities to buy and and sell or shorting will evaporate as soon as more and more participants start buying the 'opportunity' found. The trick is to be early in the game. And in this sea of red, somehow someone will be making the money.
So I beg to differ with my friend and I think its a good time to scout for good undervalued stocks. David Merkel, drawing on the advise by Ken Fisher, summarised and simplified my thoughts into the following line:
"If something true is relied upon by many investors, it is not valuable for smart investors. If something false is relied upon by many investors, it is valuable for smart investors to bet against that.”
Well I think the above could be simplified further using the universal proverb:
'Early Bird Catches The Worm'
Do you get it now?
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