Originally Posted by
BlackPeter
I just hope nobody here is investing based on "believe". I am certainly not - in any stock.
I invest based on facts and based on working assumptions. Working assumptions can be wrong or right, but you don't have to believe in them. To believe belongs (if anywhere) into church.
And hey, I didn't even say that I think TRA will turn out to be a bad investment (though I am not invested in them at this point in time), but your statement sounded like a declaration of love. I just tried to inject a bit of reality into the discussion. Please accept my apologies ...
While falling in love undoubtedly can be fun ... it means that the opportunities every stock has look flasher for the person in love, but it means as well, that they oversee the risks every stock has as well. Just do a statistical analysis of love stories. Some end up well, but most unfortunately turn to custard.
Love just makes it more difficult to come to a balanced (no, not that balance!) assessment, resulting later on often in unexpected (while overseen) surprises ... and these are rarely of the good sort..
But in a nutshell - while I was never a "believer"- there have been times I used to hold both Dorchester and later TRA (probably under one of their previous tickers). And yes, they always looked shiny and people did fall in love with them ... and yes, this opportunity to hold them did cost me a lot of money - so maybe I just learned my lesson and am ahead of you?
But then, maybe I learned the wrong lesson, so - who knows?