“Relative price performance is a good way to tell which of the five or six stocks you own is your true leader. If you’re going to do any selling, it’s normally correct to weed the flower patch by selling your worst-performing stocks first.” – William J. O’Neil, MarketSmith Founder
“What you’ll find is that little acorns can grow into giant oaks, and that with persistence and hard work, anything is possible.” – William J. O’Neil, MarketSmith Founder.
In recent days, MarketSmith India has been highlighting some investing myths that need to be debunked.
These include the idea of buying a stock with its price on the way down, so that your average cost goes lower, and the notion that you can always make money by buying low, selling high.
Today, the myth that a growth investor should never fall for, is the false promise of riches from penny shares.