I'm always shocked at how much investors "believe in" a stock, as if it's been there for them – through thick and thin. Stocks are not our friends or our leaders, they are just odds for placing our bets.
"Convictions are more dangerous enemies of truth than lies."
-Nietzsche— Wayne Himelsein (@WayneHimelsein) August 27, 2020
Yep. I don’t trade on convictions. I don’t believe in a damn thing in the market. I own Facebook stock, and have made ~25% on it in a month, and I’d happily eliminate Facebook from the planet if I had the power.
Here’s what emotions I feel about the stock market: none. That is why I make money. “Believing” in a stock is how you screw yourself. I’m thankful so many of you do it! Then I get your money. But still. Why?