Here are some of the excuses I have heard over the years: a) The ‘If only’ defence. b) The ‘I would have been right but for’ defence. c) The ‘It just hasn’t happened yet’ defence. d) The ‘Who could have foreseen at the time I invested that XYZ would happen … ’ defence. Peter Lynch in his book One Up on Wall Street lists the 12 silliest (and most dangerous) things people say about stock prices. Some of these are well worth including here too: e) If it’s gone down this much already, it can’t go much lower. f) You can always tell when a stock hits rock bottom. g) Eventually they always come back.
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