Chapter 3. Buy the Losers
“The worse a situation becomes, the less it takes to turn it around—and the bigger the upside.“ | ||
| --George Soros | ||
The Buy the Losers commandment isn’t easy to obey. It goes against the grain because we are used to cheering the winner and showing only sympathy for the loser.
How does buying the losers equate to winning in the stock market? We will demonstrate that betting on the losers is the smarter way to get to the winner’s circle. It is true that everybody loves a winner. This is especially true in the stock market. To imply to friends that you are a market cognoscenti, you would nonchalantly remark that you just bought the fast-rising shares of Google, rather than mention buying a stock that is down, like Citigroup when ...
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