Tuesday, January 6, 2009

What I learned on the second day of PI

1. Financial news is about trying to make sense of investors' behaviour, which is often irrationally rational, monkey-see-monkey-do and highly speculative. Sometimes you twist your brain upside down trying to explain why a share price can fall 10 percent overnight when there's no tangible explanation for it except for "profit-taking".

2. Share price is seldom the true value of the share. It's the perceived value.

3. Sometimes we have no control of what we're given. What's important is what we make out of it.

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