February 2011

Frank Boland
February 15, 2011

It was extremely difficult, but I had played seven holes without asking my partner the question I was “dying” to know; how many shares of Equity Funding did he own in his mutual fund?  He seemed very relaxed ...  even cheerful.  Yet, I felt his mutual fund had to own a ton of the stock.  For me, in not asking, it was like driving by a car crash...

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It isn’t as important to buy as cheap as possible as it is to buy at the right time.

– Jesse Livermore