kennynah wrote:You must learn through planning.
You must question the situation.
The Art of War 1:2.1-2
Plan an advantage by listening.
Adjust to the situation.
Get assistance from the outside.
Influence events.
The planning can find opportunities and give you control.
The Art of War 1:3.1-5
We must always ask the right questions..
Recently, when Chinese coals counters dropped a lot, I asked an Analyst whether it is a good time to buy. His answer was "not really" as the coal companies are now at "mid-cycle". I left things at that and did not buy.
Instead, I should have asked,"What would be the catalysts that would drive these coal counters higher from here ?".
If I had asked this question, he would have said high oil prices. And thereafter, all I have to do was to decide whether oil prces were going up or not.
Anyway, the Chinese coal counters have gone up a lot since I looked at them. I did not buy because I did not ask the right questions . Also, I give too much credit to the analysts. I always think that they know more than me..