A Word on Speculative Investing
Psychologists tell us that the pain of losing is felt far more intensely than is the thrill of winning. In troubled times, most of us go into hunker-down mode, trying harder to avoid losses than we do to shoot for big gains.
In 2008's financial meltdown, everybody knew automobile sales would fall off a cliff. We were all sure that well-known auto-retailing companies, such as CarMax (KMX) and AutoNation (AN), were doomed....225 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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