I like this post and the concept. The image ended up blurry and hard to read so this is what it says:
“When faced with two choices, simply toss a coin. It works not because it settles the question for you, but because in that brief moment when the coin is in the air, you suddenly know what you are hoping for.”
I use something similar in my profession to determine if I’m in the right investments. When the price of a stock I own drops substantially, if I feel happy about the price drop (because I can buy more of it at the cheaper price), I know I own the right company, but if I’m unhappy, then I know I need to opportunistically exit the position. I only want to own stocks for which I’m delighted when their prices drop a lot. In that way I win no matter which direction the share price goes. I get rewarded for good prior buys when prices grow, and I get to buy more at even cheaper prices when they drop.
- 102,873 hits
The Duck Who Flew Upside Down
Rusty Bear and Thomas Too
Clyde and Friends 3 Books in 1!
Slices of Life
From the Heart of a Grateful Man
Reflections of a Grateful Man
Top Posts & Pages