Investor Points of Few – Gone Fishin’ for Oil

“Investing is similar to fishing in many ways. When the economic weather conditions are good, investors willingly pay higher prices for securities and will accept lower expected returns (i.e. a more modest catch). When the economic weather conditions are bad and securities prices are low, many investors stand passively on the banks of the capital market stream waiting for better conditions to emerge. Unfortunately, ‘waiting it out’ is often when you forego the best opportunities to haul in low-priced securities with their associated higher expected returns.” Chas Boinske, Independent Thought