Plenty Of Fish In The Sea
Plenty Of Fish In The Sea
Posted by TEBI on November 3, 2020
Look At It This Way
In Ernest Hemingway’s classic novella The Old Man and the Sea, a fisherman who had gone three months without catching anything finally lands a prize marlin and then spends three days and nights trying to reel him in.
On finally killing the giant fish, the man lashes the marlin to the side of his boat and heads for home with the trophy, only for marauding sharks to devour the carcass along the way.
The single-minded devotion of this man to dominating that one fish can be likened to the time and effort that some investors make in finding a bargain in the stock market.
Like the fisherman, their pride overtakes them and they lose all perspective.
Instead of thinking about the feast their catch will provide, they throw all their energy and resources into nailing that one stock, convinced that they know better the wisdom of the entire market.
For sure, some investors — like Hemingway’s dogged fisherman — will finally snare their desired trophy. But inevitably their prize is whittled away by brokerage and trading costs, the equivalent of the sharks that stripped the marlin of its prized meat.
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