There was a time when I didnt understand why my boss just simply kept buying new highs. It seems too counter intuitive that new highs mean higher. It seems too misleading that the new highs are the safest and that the new highs are also perhaps the cheapest relative to their earnings growth. (Forward looking.) but when you realize that is the way the markets have been functioning/-- even an overvaluation overshot is a lesser risk when growth of the nickel mining sector in the Philippines is not expected to change in at least 2-5 years. Some even believe until well throughout 2020. He knows what hes doing and hes been generating 20% for the past 20 years. Hes been trumping the psei fund mainly because no matter how large the fund sizes he has been moving on the right stocks. And that is why he is my boss and I should have done nothing except follow his lead. The leaders will bring us afloat no matter what the market does. Stick to leaders.
Posted on: Wed, 10 Sep 2014 23:31:56 +0000
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