November 10, 2008 at 10:00 AM EST
In Credit Unwind, Earnings Estimates Are Shots in the Dark
Whoa we're halfway there Livin' on a prayer Take my hand and we'll make it - I swear Livin' on a prayer Jon Bon Jovi Livin' on a PrayerIt’s often said that “hope is a poor roadmap to success” - an adage perhaps truer in investing than anywhere else. I admit I’ve sometimes found myself hoping that an investment or trade that had gone badly would come back. I must also admit that I can’t recall a time when I was rewarded with success just because I hoped for it. It’s also why I’ve learned to take losses when ...
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