We often talk about holding a coin until the bull grows up, making money from its labor, then selling the big bull to raise a new calf.
But when the bull market comes, how many can really hold on?
We agreed to buy more when the price drops, but how many persist?
We said we'd just watch when the price rises, but how many can withstand the temptation?
Alas, after all is said and done, the mentality remains the same: be greedy when others are fearful, and stock up when others are greedy.
But in the end, it's hard to escape one outcome: assets dwindling to zero.
And let me say it one last time here: wherever the market maker's scythe goes, there lies the wheat field ready for harvest.