Trading on Hope is a Bad Thing; Look at What Happens to GE
I am telling you upfront, this is not the 147th article about GE and its restructuration strategy. However, I will use this example to discuss a fundamental lesson about investing. Trading on hope is a bad strategy. Without a strong investment thesis, buying a stock in the hope that the company will turn on the heat and become a leader again is rarely a good move. At the beginning of the year I listed the reasons why I think General Electrics (GE) is a bad investment. Many investors told me I …
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