May

7

Turning on my Bloomberg this morning, I see that the Nikkei gained 486.2 points last night.

This reminds me that among the most difficult actions for a long-term investor is to do absolutely nothing.

It also confirms my belief that ka-chinging a tiny profit in a long-term position assures that the market will continue to move in the desired direction.

Both are platitudes for sure. But one's P&L speaks louder than poetry.


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