November 12, 2013 Comments

On Tuesday the S&P 500 and Toronto were each down 0.2%

I don’t believe markets are predictable in the short term. The strategy is to react to the market. And it is to try to calculate a reasonable value for a selected group of companies that are suitable for such a valuation process (most aren’t as they are too unpredictable) and then buy these quality companies when they are good values and trim or sell if they become over-valued. As Buffet says, simple but not easy. So I am not fixated on what the market will do, no one can predict that accurately. But if one makes rational moves in response to markets then things tend to work out.

In the next few days I may enter some orders to trim on rallies or sell on dips, whichever happens.

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