Tuesday, August 11, 2009
Strategies - Buy and Hold, or Buy and Fold. But Don’t Waver. - NYTimes.com
Strategies - Buy and Hold, or Buy and Fold. But Don’t Waver. - NYTimes.com: "In a liquidity crisis, as we have seen all too recently, a sudden tightening of credit sets off a vicious cycle of margin calls that lead to forced sales, which in turn cause asset prices to plunge, and so on. Invariably, the abruptness and severity of the crisis test the emotional and financial reserves of investors.In
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