Bear Markets and Selling Short
He stated, "I keep out in a bear market and leave such exceptional stocks to those who don't mind risking their money against the market trend.".
Darvas never sold short. As he states, "I have never done it myself because psychologically I am not cut out for short selling. But I think markets have now changed their character so much that all experienced investors should seriously consider it. It is not for the proverbial widows and orphans, though.". He realized that his system could easily be adapted to short selling.
Read more about this topic: Nicolas Darvas
Famous quotes containing the words bear, markets, selling and/or short:
“If one can bear small losses, one will get along well with others.”
—Chinese proverb.
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—Barbara Ehrenreich (b. 1941)
“By bourgeoisie is meant the class of modern capitalists, owners of the means of social production and employers of wage labor. By proletariat, the class of modern wage laborers who, having no means of production of their own, are reduced to selling their labor power in order to live.”
—Friedrich Engels (1820–1895)
“What a pity if we do not live this short time according to the laws of the long time,—the eternal laws!”
—Henry David Thoreau (1817–1862)