Choices

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.

I didn't have my glasses on....

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image credit: trevor burke

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About russtowne

My wife and I have been married since 1979. We have 3 adult children and 4 young grandsons. I manage a wealth management firm I founded in 2003. My Beloved is a Special Education teacher for Kindergartners and First Graders. I'm a published author of 23 books in a variety of genres for grownups and children. In addition to my family, friends, investing, and writing, my passions include reading, watching classic movies, experiencing waves crashing on rocky shores, hiking in ancient redwood forests, and enjoying our small redwood grove and fern garden.
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5 Responses to Choices

  1. I find truth in this quote.

  2. bulldog says:

    This is a great quote… now I know why I love to too toss a coin…

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