The stock market is a legal pyramid scheme in which a 1st mover advantage makes you money.
If you study all the stock market greats, one common theme is that they always take/took positions early and then wait for the rest of us to see the position go in and then they exit.
That is why it’s common to hear investor peeps saying that once you hear western media has done a feature on a particular stock market i.e. mainstream has noticed the returns, its time to vacate. If you substitute western media with any Kenyan media, you can pretty much see what I mean. I expect to see article about other African stock markets in a couple of years.
In the meantime, based on the above philosophy, when is the best time to top positions or re-enter the NSE...?
Anyway, that is my stock market philosophy.
Excellent Q&A session with the prophet of doom. Another thing, you can be too bullish or too bearish. Either will lose you money. Just ask John Duffied or Chuck Prince...
Barclays announced a great set of results. Will probably hold for this year and exit as the dividend is announced same time next year.