Friday, February 9, 2018
Never try to catch a falling knife
Not even the FANGs of Wallstreet are holding up.
At the time if this writing Facebook is down 10% for the week. Apple is down 4.8%, Netflix is down 10% and Google is down 9.4%.
A good rule of thumb when hunting is to shoot at your target as long as it is in range and the background is safe. Then to retire to the lodge for a cup of coffee. Tracking the game too soon often results in the animal being pushed out of its deathbed and becoming unfindable.
This is the time for a calm cup of coffee and keeping your wallet in your pocket. Time is your friend. The patient person will let "survivor bias" work in their favor.