" But there is no Buffet quote to recommend that, so it is probably the road to ruin! "
Yesterdays stock price has nothing to do with value today. Along those lines is the quote and principle. Basically it's a terrible idea to make investment decisions based on past stock price quotes, a stock dropping 50-90 percent does not make it che…
" But there is no Buffet quote to recommend that, so it is probably the road to ruin! "
Yesterdays stock price has nothing to do with value today. Along those lines is the quote and principle. Basically it's a terrible idea to make investment decisions based on past stock price quotes, a stock dropping 50-90 percent does not make it cheap cause it can go to zero. A stock price doubling does not make it expensive.
" But there is no Buffet quote to recommend that, so it is probably the road to ruin! "
Yesterdays stock price has nothing to do with value today. Along those lines is the quote and principle. Basically it's a terrible idea to make investment decisions based on past stock price quotes, a stock dropping 50-90 percent does not make it cheap cause it can go to zero. A stock price doubling does not make it expensive.