Sunday, June 24, 2012

Contrary investing quote -there is a season

Russell Sage, who when asked how he founded his fortune, replied: "By buying straw hats in January."

Great quote but the hard work is finding straw hats and knowing it is January. If you follow this strategy you cannot expect to make money in the short-run. The issue is whether you have the time tolerance to wait for the next season.


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