A quip on investment strategy by Dr Fredricxh Bauer, investment advisor.
in response to
by
posted on
Nov 24, 2009 10:43AM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
At one Investment Conference he offered the following discourse: "Take a look at zis chart," he began, pointing to the bottom of what appeared to be a wave pattern!
"Investing is reeely veery simple! You just buy at zee bottom. Heere! Zen ven de stock goes up, vat do vee do? Vee sell! Heere! (pointing to the top of the wave pattern!)
"Well, what if the stock doesn't go up?" asked an investor.
"Ya," replied Dr Bauer, "vee just keep our eyes on ze chart. If it doesn't go up, vee don't buy it!"
Inbox me for his daytime phone #!
RUF