In all seriousness I don't know why more Investors simply don't get out of the market before it crashes Lex
@The Prowler
A person with common sense could/should have seen this crash coming. The writing was on the wall - since last year. All the signs were there. The data/facts were in print in the Wall street Journal. Like any party it couldn't go on forever.
If I had been fortunate to have gained in my investments 200, 300, 400% , I would have sold off at least half, kept the winnings, and put them in cash or bought gold with them. If a bear market is coming, then sell 75%. Just like Warren Buffett did.
I don't really understand that dictum/mentality "Stay Invested/Buy Forever."
Investing IS gambling. Just like a good gambler, a good investor should know when to cash in their chips and walk away from the table. They don't keep gambling if losses may be on the horizon. Know when to hold em. Know when to fold em
A lucky streak can only last so long.
That Biggie Smiles guy over at TBC said he lost $72,000 USD on his lately. Similarly all those Bulls at TBC said the same