The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Bonds & Fixed Income Investments

URL:  http://boards.fool.com/re-avaya-their-financials-scared-me-away-and-30518511.aspx

Subject:  Re: Williams Clayton’s 7.75’s of  Date:  1/31/2013  7:45 PM
Author:  globalist2013 Number:  34745 of 35400

RE: avaya.

Their financials scared me away, and I've gotta trust my instincts, which doesn't mean that I don't make mistakes in both directions, by buying what I shouldn't have and by not buying what I should have.

But, also, that kind of retrospective scoring is nonsense. The only thing that matters is whether, at the time I was putting on the trade --or backing away from it- I saw everything I should have seen. By and large, I do, and my failure rate (either direction) is sub-5%. So I never second-guess myself. I do the trade, or I don't, and without regrets. And then I get up the next morning and do it again.
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us