Ride the Tiger with CD Message Board

To: ogi who wrote (214065)	4/5/2012 4:04:28 PM
From: Nos Da	Read Replies (3) of 228160

Great post ogi, it's in line with what I have been pondering over these last few weeks. I'm way behind your experience in these markets but from a learning point of view the period I have been investing in (from dabbling in 2006 to getting more serious in 2008 (I know!) through to now) has taught me a lot in a relatively short space of time and hopefully one day I will be grateful for the lessons - right now I'm both grateful and bitter lol But the reason for my post was to share with you a comment that stood out from Jack Schwagers "Stock Market Wizards" that I have been re-reading recently. He asked Mark Minervini "What advice would you have for investors at this time" as a final question in the chapter and Mark replied: "The same advice I have always had. You need to realize that, ultimately, a stock is virtually 100% perception, and therefore prices can go anywhere. Most of the Internet companies were worth nothing, but they reached these incredible prices on perception. Think of the wealth that was made and lost in these stocks purely as a function of perception" Whilst this may seem blatantly obvious to some I think that it's easy to forget this sometimes and I also believe it echoes your previous comment?