February 2015
Intermediate to advanced
224 pages
3h 53m
English
Content preview from Buy, Hold, and Sell!
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
Chapter 25Execute or Get Killed
I've just asked you to be the boss of your investments. Now I'm going to ask you to do something even harder: Be the boss of you. To successfully use a sell strategy, you must be disciplined enough to execute it. It's not easy.
If we surveyed 1,000 people and asked them, “What are the two things you need to do to lose weight?” every one of them would probably answer, “Exercise regularly and eat a healthy diet.” The answer is very simple, but it's not easy. If it were easy, no one would be obese.
Your sell strategy is very simple, too. When you hit your trigger point, you sell.* You can't equivocate and think, “Well, this might resolve itself” or “It looks like the trend might change.” If you second guess your plan or overanalyze the trend, you can get into trouble. By relying on emotions or trying to foresee the future, you may wait too long to act and lose a lot of money in the process. A sell strategy requires you to be dispassionate, and to act even when there is cognitive dissonance.
It Doesn't Matter Why You Sell…
Economist Robert Shiller famously called the years from 1995 to 2000 a period of “irrational exuberance.” Turned out he was right, but in my opinion, it didn't matter. I don't care why the market goes up. As long as the market is rising, ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Read now
Unlock full access
More than 5,000 organizations count on O’Reilly
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.