Reminiscences Post: You may find many people…who are bullish (just) because they have stocks

When I am long stocks it is because my reading of conditions has made me bullish.  But you may find many people, reputed to be intelligent, who are bullish because they have stocks. I do NOT allow my possessions – or my prepossessions either – do any thinking for me.  That is why I repeat that I never argue with the tape. To be angry at the market because it unexpectedly or even illogically goes against you is like getting mad at your lungs because you have pneumonia. – Reminiscences of a Stock Operator (Edwin Lefevre)


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s