Quote:
Originally Posted by CliffFletcher
I'm not sure I'd characterize buying at the bottom of the crash as "incredibly fortunate." You need to have the cash on hand, as well as the courage to buy.
I had some cash on hand after the crash (not much), which I invested against the strenuous - verging on hysterical - objections of my family. Made 170 per cent return. But it was a calculated risk, not incredible good fortune.
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Bit of this bit of that? Even a calculated risk can net you a loss.