Colin the Contrarian had had a tough few years. He followed a falling-knives investment strategy and in a spurt of professional diligence had even read some books on the subject.
He knew there was danger in the strategy, so had followed a discipline of allowing these knives to fall significantly before he caught them. Patience was the key: wait until the stocks represent option value and then buy. Sure there would be some losers, but the spectacular winners would, history told him, more than make up the difference. However, despite using a great deal of patience, he had suffered. Firstly, the ambulance-chasing companies were told not to chase ambulances anymore, and then the loan consolidation companies and the IVA companies were restricted from doing their conso...
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