Foolishness Of The Many...Opportunity For The Few

Foolishness Of The Many...Opportunity For The Few

Dickson WattsWhen the crowd is most foolish, at market tops and bottoms, are when the biggest opportunities are presented for independent-minded investors. In late 2008, for example, as General Motors was going bankrupt, you could have bought Ford stock for a dollar and change. At the other end of the scale, back at the top of Internet mania in 2000, you could have sold Yahoo! for 125. So keep an eye on the sentiment of the crowd. In Dickson G. Watts' little book, "Speculation as a Fine Art and Thoughts on Life,"we find the quote, "The foolishness of the many is the opportunity of the few."

Previous Page

Next Page