lonejacklarry
US Veteran
When his shoe shine boy told Kennedy that he was trying to invest Kennedy pulled his money out. Saying that if any idiot can participate then there is no room for me
Ah, the Contrarian Theory of Investing! If Joe Kennedy said the above, then he was right and I agree with him.
The synopsis of the theory holds that whenever everyone is buying, it is time to sell. Not surprisingly, when everyone is selling, it is time to buy.
Notice how the market keeps reaching new record highs? It appears everyone is buying.
More on topic is the fact that I cannot do Scotch. Irish whisky, on the other hand, is another deal completely!