One of the first rules I learned when I first began trading and investing is that if a stock was to go down 50% from where I bought it, in order to break even, it would have to go up 100% in order to breakeven on the stock.
IBD was the system I cut my investing and trading teeth on. Even today when I look at how far I’ve come since then I still believe that they at Investor’s Business Daily really add very much value to any discussion of the stock market. So when I read and article like this from the Pragmatic Capitalist, a more recent following, I take notice. Short article. Whether you’re an investor or a trader read it now!
Using a little tongue-in-cheek humor to make a broader point is something Mish is great at. An enjoyable read with just the right mix of humor and reality.
