Sunday, September 15, 2013

A Conviction Buy is a Rare Thing

A conviction buy is a rare thing. This is a moment when the investor is absolutely convinced he is correct on his analysis of a stock. He knows he won't lose on this trade and possibly make an outstanding return.

Reaching a conviction buy happens to the patient and thoughtful investor who watches his lists of stocks every day, sometimes for years, and reads mountains of annual reports and quarterly earnings statements. He knows his field of stocks by memory.

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